(a) An officer may resign at any time by delivering notice:(1) to the board of directors, its chairman, or the secretary of the corporation; or(2) if the articles of incorporation or bylaws so provide, to another designated officer.(b) A resignation is effective when the notice is delivered unless the notice specifies a later effective date. If a resignation is made effective at a later 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 of directors provides that the successor does not take office until the effective date.(c) A board of directors may remove any officer at any time with or without cause.(d) An officer who appoints another officer or assistant officer may remove the appointed officer or assistant officer at any time with or without cause.As added by P.L.149-1986, SEC.20. Amended by P.L.107-1987, SEC.14.
Indiana Legal Code