O.C.G.A.

O.C.G.A. § 14-3-843 (2019)

Resignation and removal of officers

✓ 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) An officer may resign at any time by delivering notice in writing or by electronic transmission to the corporation. A resignation is effective when the notice is effective unless the notice specifies a future effective date. If a resignation is made effective at a future date and the corporation accepts the future effective date, its board of directors may fill the pending vacancy before the effective date if the board provides that the successor does not take office until the effective date.

(b) A board may remove any officer at any time with or without cause.

(c) Unless otherwise provided in the articles or bylaws, any vacancies in the corporation’s officers may be filled by the board.

History

(Code 1981,

CORPORATIONS & PARTNERSHIPS

§ 14-3-843, enacted by Ga. L. 1991, p. 465, § 1; Ga. L. 2004, p. 508, § 43.)

Annotations

COMMENT This section is based on the Model Act. Unlike its Business Code counterpart, this section states that when a resignation is effective at a future date, the board may take prospective action to fill the pending vacancy before the effective date of the vacancy. JUDICIAL DECISIONS Authorized removal of officers. - Nonprofit corporation properly removed members of the corporation’s board of directors (board) and officers because the meetings at which the removal was accomplished were held pursuant to Georgia law and the corporate constitution and

bylaws; thus, O.C.G.A. §§ 14-3-808 and 14-3-843, and the corporate constitution and bylaws, gave the board authority to remove and replace directors and officers. Harris v. SCLC, Inc., 313 Ga. App. 363, 721 S.E.2d 906 (2011).