[§414D-137]  Resignation of directors. (a)  A director may resign at any time by delivering written notice to theboard of directors, its presiding officer, or to the president or secretary.

(b)  A resignation is effective when the noticeis effective, unless the notice specifies a later effective date.  If aresignation is made effective at a later date, the board may fill the pendingvacancy before the effective date if the board provides that the successor doesnot take office until the effective date. [L 2001, c 105, pt of §1]