O.C.G.A.
O.C.G.A.

O.C.G.A. § 14-3-807 (2019)

Resignation of directors

✓ O.C.G.A. — 2019 edition (Public.Resource.Org Release 73)
Code text and O.C.G.A. statutory annotations on this page reflect the 2019 Official Code of Georgia Annotated (Public.Resource.Org Release 73, 2019-08-21; public domain per Georgia v. Public.Resource.Org, 2020). The Syfert case-law annotations in Notes of Decisions, below, are current.
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(a) A director may resign at any time by delivering notice in writing or by electronic transmission to the board of directors, its presiding officer, or to the president or secretary, or in such other manner as the articles or bylaws may provide.

(b) A resignation is effective when the notice is delivered unless the notice specifies a later effective date.

History

(Code 1981, § 14-3-807, enacted by Ga. L. 1991, p. 465, § 1; Ga. L. 2004, p. 508, § 39.)

Annotations

COMMENT This section is based on the Model Act and on its Business Code counterpart. While the Business Code specifies that written notice of resignation be delivered to ‘‘the board of directors, its chairman, or to the corporation,’’ this section follows the Model Act’s designation of individuals to whom the notice of resignation may be delivered. JUDICIAL DECISIONS Cited in Ahn v. Lee, 221 Ga. App. 247, 471 S.E.2d 38 (1996). RESEARCH REFERENCES Am. Jur. 2d. - 18B Am. Jur. 2d, Corporations, § 1201 et seq.

C.J.S. - 19 C.J.S., Corporations, § 518 et seq.

Notes of Decisions
Cited in 1 case, 1996–1996 · leading case: Ahn v. Lee, 471 S.E.2d 38 (Ga. Ct. App. 1996).
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Ahn v. Lee, 471 S.E.2d 38 (Ga. Ct. App. 1996). · cites it 12× “Such designated directors may resign in writing pursuant to OCGA § 14-3-807 or may be removed pursuant to OCGA § 14-3-809.”
— 14-3-807(a) — 1 case
Ahn v. Lee, 471 S.E.2d 38 (Ga. Ct. App. 1996). “Such designated directors may resign in writing pursuant to OCGA § 14-3-807 or may be removed pursuant to OCGA § 14-3-809.”
Annotations are extracted automatically from the opinions in the Syfert caselaw corpus and ranked by authority, recency, and treatment. Dots show Syfertize treatment of the citing case itself.