Washington Code 24.03A.595 – Resignation and removal of officers
Current as of: 2023 | Check for updates
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(1) An officer may resign at any time by delivering notice to the nonprofit corporation. A resignation is effective when the notice is delivered unless the notice specifies a later effective time. If a resignation is made effective at a later time and the board or the appointing officer accepts the future effective time, then the board or the appointing officer may designate a successor before the effective time if the board or the appointing officer provides that the successor does not take office until the effective time.
Terms Used In Washington Code 24.03A.595
- 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.
(2) Except as provided in the articles or bylaws, an officer may be removed at any time with or without cause by:
(a) The board;
(b) The officer who appointed the officer being removed, unless the board provides otherwise; or
(c) Any other officer authorized by the articles, the bylaws, or the board to remove the officer being removed.
(3) In this section, “appointing officer” means the officer, including any successor to that officer who appointed the officer resigning or being removed.
NOTES:
Effective date—2021 c 176: See note following RCW 24.03A.005.