{"data":{"id":"us-mt/35-2-420","jurisdiction":"us-mt","citation":"35-2-420","heading":"Resignation of directors.","body":"(1) (a) A director may resign at any time by delivering written notice to the board of directors, its presiding officer, the president, or the secretary.\n(b) A director may rescind a resignation within 5 business days of resigning unless prohibited by the bylaws of the corporation or the articles of incorporation. The director's recission of a resignation must be in writing and delivered to the members of the board of directors.\n(2) A resignation is effective when the notice is effective unless the notice specifies a later effective date or the director rescinds the resignation under subsection (1)(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.","path":["TITLE 35. CORPORATIONS, PARTNERSHIPS, AND ASSOCIATIONS","CHAPTER 2. NONPROFIT CORPORATIONS","Part 4. Directors and Officers -- Indemnification"],"source_url":"https://mca.legmt.gov/bills/mca/title_0350/chapter_0020/part_0040/section_0200/0350-0020-0040-0200.html","current_through":"Montana Code Annotated 2025","vintage":"","retrieved_at":"2026-09-14T04:53:08Z","sha256":"677e7aeb1f1e6c0e29fe7d35760f5fbbad6cf33373f10b78297c0b59e0a3ea7d","source_id":"us-mt","stale":false,"prev":"us-mt/35-2-419","next":"us-mt/35-2-421"},"notice":"GroundRules: Original legal text. Not legal advice."}