§ 55-8-43. Resignation and removal of officers. - North Carolina Statutes

§ 55‑8‑43. Resignation and removal of officers.

(a)        An officer mayresign at any time by communicating his resignation to the corporation. Aresignation is effective when it is communicated unless it specifies in writinga later effective time. If a resignation is made effective at a later time andthe corporation accepts the future effective time, its board of directors orthe appointing officer may fill the pending vacancy before the effective timeif the board of directors or the appointing officer provides that the successordoes not take office until the effective time.

(b)        An officer may beremoved at any time with or without cause by (i) the board of directors, (ii)the appointing officer, unless the bylaws or the board of directors provideotherwise, or (iii) any other officer if authorized by the bylaws or the boardof directors.

(c)        In this section,"appointing officer" means the officer, including any successor tothat officer, who appointed the officer resigning or being removed. (1901, c. 2, ss. 15, 16, 17;Rev., ss. 1149, 1150, 1151; C.S., s. 1145; G.S., s. 55‑49; 1955, c. 1371,s. 1; 1959, c. 1316, s. 9; 1973, c. 1217; 1989, c. 265, s. 1; 2005‑268,s. 12.)