16-10a-807 - Resignation of directors. - Utah Statutes

16-10a-807. Resignation of directors.
(1) A director may resign at any time by giving a written notice of resignation to theboard of directors, the board's chair, or the corporation's secretary.
(2) (a) A resignation of a director is effective when the notice is received by thecorporation unless the notice specifies a later effective date or an effective date determined by thehappening of an event.
(b) A notice of resignation that is conditioned upon failing to receive a specified vote forelection as a director may provide that it is irrevocable.
(3) A director who resigns may deliver to the division for filing a statement of thedirector's resignation pursuant to Section 16-10a-1608.

Amended by Chapter 85, 2007 General Session