490.807  Resignation of directors.
  1.  A director may resign at any time by delivering a written resignation to the board of directors or its chair, or to the secretary of the corporation.
  2.  A resignation is effective when the resignation is delivered unless the resignation specifies a later effective date or an effective date determined upon the happening of an event or events. A resignation that is conditioned upon failing to receive a specified vote for election as a director may provide that it is irrevocable.
89 Acts, ch 288, §78; 2013 Acts, ch 31, §25, 82