§414D-139 - Removal of designated or appointed directors.
[§414D-139] Removal of designated orappointed directors. (a) A designated director may be removed by anamendment to the articles or bylaws deleting or changing the designation.
(b) Except as otherwise provided in thearticles or bylaws, an appointed director may be removed without cause by theperson appointing the director.
(c) The person removing the director shall doso by giving written notice of the removal to the director, and either thepresiding officer of the board or the corporation's president or secretary.
(d) A removal is effective when the notice iseffective unless the notice specifies a future effective date. [L 2001, c 105,pt of §1]