(a) A director may resign at any time by delivering written notice of the resignation to:
(1) The other directors; and
(2) The persons who have the power to appoint a successor director.
(b) A resignation is effective upon the delivery of the notice of resignation, unless that notice specifies a later effective date or an effective date determined upon the happening of an event or events.
Source. 2017, 257:47, eff. Oct. 1, 2017.