Utah Code 16-10a-807. Resignation of directors
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(1) A director may resign at any time by giving a written notice of resignation to the board of directors, the board’s chair, or the corporation‘s secretary.
Terms Used In Utah Code 16-10a-807
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Deliver: includes delivery by mail or another means of transmission authorized by Section 16-10a-103, except that delivery to the division means actual receipt by the division. See Utah Code 16-10a-102
- Division: means the Division of Corporations and Commercial Code. See Utah Code 16-10a-102
- Notice: is a s provided in Section 16-10a-103. See Utah Code 16-10a-102
- Receive: when used in reference to receipt of a writing or other document by a domestic or foreign corporation, means the writing or other document is actually received by:(28)(a) the corporation at its:(28)(a)(i) registered office in this state; or(28)(a)(ii) principal office;(28)(b) the secretary of the corporation, wherever the secretary is found; or(28)(c) another person authorized by the bylaws or the board of directors to receive the writing or other document, wherever that person is found. See Utah Code 16-10a-102
- Secretary: means the corporate officer to whom the bylaws or the board of directors delegates responsibility under Subsection 16-10a-830(3) for:
(32)(a) the preparation and maintenance of:(32)(a)(i) minutes of the meetings of the board of directors and of the shareholders; and(32)(a)(ii) the other records and information required to be kept by the corporation by Section 16-10a-830; and(32)(b) authenticating records of the corporation. See Utah Code 16-10a-102(2)(2)(a) A resignation of a director is effective when the notice is received by the corporation unless the notice specifies a later effective date or an effective date determined by the happening of an event.(2)(b) A notice of resignation that is conditioned upon failing to receive a specified vote for election as a director may provide that it is irrevocable.(3) A director who resigns may deliver to the division for filing a statement of the director’s resignation pursuant to Section 16-10a-1608. - Secretary: means the corporate officer to whom the bylaws or the board of directors delegates responsibility under Subsection 16-10a-830(3) for: