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317A.221 RESIGNATION.
(a) A director may resign at any time by giving written notice to the corporation. The
resignation is effective without acceptance when the notice is given to the corporation, unless a
later effective time is specified in the notice.
(b) 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.
History: 1989 c 304 s 35

Official Publication of the State of Minnesota
Revisor of Statutes