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2022 Iowa Code
Title XII - BUSINESS ENTITIES
Chapter 490 - BUSINESS CORPORATIONS
Section 490.807 - Resignation of directors.
Universal Citation: IA Code § 490.807 (2022)
490.807 Resignation of directors.
1. A director may resign at any time by delivering a written notice of resignation to the board of directors or its chair, or to the secretary.
2. A resignation is effective as provided in section 490.141, subsection 9, unless the resignation provides for a delayed effectiveness, including effectiveness determined upon a future event or events. A resignation that is conditioned upon failing to receive a specified vote for election as a director may provide that it is irrevocable.
89 Acts, ch 288, §78; 2013 Acts, ch 31, §25, 82; 2021 Acts, ch 165, §93, 230
Referred to in §490.810
2021 amendment effective January 1, 2022; 2021 Acts, ch 165, §230
Section stricken and rewritten
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