The Vermont Statutes Online
The Statutes below include the actions of the 2025 session of the General Assembly.
NOTE: The Vermont Statutes Online is an unofficial copy of the Vermont Statutes Annotated that is provided as a convenience.
Subchapter
001
:
BOARD OF DIRECTORS
(Cite as: 11B V.S.A. § 8.07)
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§ 8.07. Resignation of directors
(a) A director may resign at any time by delivering written notice to the board of directors,
its chair, or to the president or other officer responsible for recording the minutes
of the meetings of the directors of the corporation.
(b) A resignation is effective when the notice is effective unless the notice specifies
a later effective date. If a resignation is made effective at a later date, the board
may fill the pending vacancy before the effective date if the board provides that
the successor does not take office until the effective date. (Added 1995, No. 179 (Adj. Sess.), § 1, eff. Jan. 1, 1997.)