Section 10-2B-8.43 Resignation and removal of officers. - Alabama Statutes

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Section 10-2B-8.43

Resignation and removal of officers.

(a) An officer may resign at any time by giving notice to the corporation. A resignation is effective when the notice is given 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.

(Acts 1994, No. 94-245, p. 343, §1.)

State Codes and Statutes

Statutes > Alabama > Title10 > Chapter2B > 10-2B-8_43

Section 10-2B-8.43

Resignation and removal of officers.

(a) An officer may resign at any time by giving notice to the corporation. A resignation is effective when the notice is given 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.

(Acts 1994, No. 94-245, p. 343, §1.)

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State Codes and Statutes

Statutes > Alabama > Title10 > Chapter2B > 10-2B-8_43

Section 10-2B-8.43

Resignation and removal of officers.

(a) An officer may resign at any time by giving notice to the corporation. A resignation is effective when the notice is given 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.

(Acts 1994, No. 94-245, p. 343, §1.)