Oregon Statutes 65.321 – Resignation of directors
Current as of: 2023 | Check for updates
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(1) A director may resign at any time by delivering written notice to the board of directors, its presiding officer or to the president or secretary.
Terms Used In Oregon Statutes 65.321
- Board of directors: means the individual or individuals who are vested with overall management of the affairs of a domestic corporation or foreign corporation, irrespective of the name that designates the individual or individuals. See Oregon Statutes 65.001
- Director: means an individual who acts as a member of the board of directors, who has a right to vote on questions concerning the management and regulation of a corporation's affairs and who is:
(a) An appointed director;
(b) A designated director; or
(c) A director elected by the incorporators, directors or members. See Oregon Statutes 65.001
- Notice: means a notice described in ORS § 65. See Oregon Statutes 65.001
- Presiding officer: A majority-party Senator who presides over the Senate and is charged with maintaining order and decorum, recognizing Members to speak, and interpreting the Senate's rules, practices and precedents.
- Written: means embodied as a document. See Oregon Statutes 65.001
(2) A resignation is effective when the notice is effective under ORS § 65.034 unless the notice specifies a later effective date.
(3) Once delivered, a notice of resignation is irrevocable unless revocation is permitted by the board of directors. [1989 c.1010 § 76]