§ 43 - Resignation and removal of officers - Vermont Statutes

§ 8.43. Resignation and removal of officers

(a) An officer may resign at any time by delivering notice to the president or other officer responsible for recording the minutes of the meetings of the shareholders and directors of the corporation. A resignation is effective when the notice is delivered unless the notice specifies a later effective date. If a resignation is made effective at a later date and the corporation accepts the future effective date, its board of directors may fill the pending vacancy before the effective date if the board of directors provides that the successor does not take office until the effective date.

(b) A board of directors may remove any officer at any time with or without cause. (Added 1993, No. 85, § 2, eff. Jan. 1, 1994.)