Arizona Revised Statutes (Last Updated: March 31, 2016) |
Title 10. Corporations and Associations |
Chapter 31. DIRECTORS AND OFFICERS-NONPROFIT CORPORATIONS |
Article 1. Board of Directors |
Sec 10-3807. Resignation of directors
Latest version.
-
A. A director may resign at any time by delivering written notice to the board of directors, its presiding officer or the corporation.
B. A resignation is effective when the notice is delivered unless the notice specifies a later effective date or event. If a resignation is made effective at a later date, the board may fill the pending vacancy before the effective date if the board provides that the successor does not take office until the effective date.