2006 Code of Virginia § 13.1-859 - Resignation of directors
13.1-859. Resignation of directors.
A. A director may resign at any time by delivering written notice to theboard of directors, its chairman, the president, or the secretary.
B. A resignation is effective when the notice is delivered unless the noticespecifies a later effective date. If a resignation is made effective at thelater date, the board of directors may fill the pending vacancy before theeffective date if the board of directors provides that the successor does nottake office until the effective date.
C. Any person who has resigned as a director of a corporation, or whose nameis incorrectly on file with the Commission as a director of a corporation,may file a statement to that effect with the Commission.
D. Upon the resignation of a director, a corporation may file an amendedannual report with the Commission indicating the resignation of the directorand the successor in office.
(1985, c. 522; 1991, c. 124.)
Disclaimer: These codes may not be the most recent version. Virginia may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
