Resignation of Directors

  1. Law
  2. Georgia Code
  3. Corporations, Partnerships, and Associations
  4. Business Corporations
  5. Directors and Officers
  6. Board of Directors
  7. Resignation of Directors

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  1. A director may resign at any time by delivering notice in writing or by electronic transmission to the board of directors, its chairperson, or to the corporation.
  2. A resignation shall be effective when the notice is delivered unless the notice specifies either a later effective date or an effective date determined upon the happening of an event.
  3. A resignation that is conditioned upon the happening of an event may provide that it is irrevocable.

(Code 1981, §14-2-807, enacted by Ga. L. 1988, p. 1070, § 1; Ga. L. 2004, p. 508, § 13; Ga. L. 2008, p. 253, § 3/SB 436.)

RESEARCH REFERENCES

Am. Jur. 2d.

- 18B Am. Jur. 2d, Corporations, § 1208 et seq.

C.J.S.

- 19 C.J.S., Corporations, § 537.

ALR.

- When resignation of officer of private corporation becomes effective, 20 A.L.R. 267.


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