(a) A director may resign at any time by delivering written notice to the board of directors, the chairman of the board of directors or the corporation.
(b) A resignation is effective when the notice is delivered unless the notice specifies a later effective date.
(P.A. 96-256, S. 63, 209; P.A. 97-246, S. 89, 99.)
History: P.A. 96-256 effective January 1, 1997; P.A. 97-246 amended Subsec. (a) to make technical changes, effective June 27, 1997.