Oral Resignation
Adams Stirling PLC
Menu

ORAL RESIGNATION

The Corporations Code states that "Any director may resign effective upon giving written notice to the chairman of the board, the president, the secretary or the board of directors of the corporation..." (Corp. Code ยง7224(c).)

Some directors resign orally and refuse to submit a written resignation. In such instances, the resignation becomes irrevocable once the resignation has been accepted by the board, i.e., the board sends a confirming written communication to the director accepting the resignation or records the resignation in the minutes of an open meeting of the board. The resigning director may withdraw the resignation if he/she does so before the resignation is accepted by the board and recorded in the minutes.

ASSISTANCE: Associations needing legal assistance can contact us. To stay current with issues affecting community associations, subscribe to the Davis-Stirling Newsletter.

Adams Stirling PLC