13.1-859 - Resignation of directors. - Virginia Statutes

§ 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 time. If a resignation is made effective at alater time, the board of directors may fill the pending vacancy before theeffective time if the board of directors provides that the successor does nottake office until the effective time.

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, the corporation may file an amendedannual report with the Commission indicating the resignation of the directorand the successor in office, if any.

(1985, c. 522; 1991, c. 124; 2007, c. 925.)