                                 CODE OF VIRGINIA

RESIGNATION OF DIRECTORS (§ 13.1-859)

A. A director may resign at any time by delivering written notice to the board
of directors, its chairman, the president, or the secretary.

B. A resignation is effective when the notice is delivered unless the notice
specifies a later effective time. If a resignation is made effective at a later
time, the board of directors may fill the pending vacancy before the effective
time if the board of directors provides that the successor does not take office
until the effective time.

C. Any person who has resigned as a director of a corporation, or whose name is
incorrectly on file with the Commission as a director of a corporation, may file
a statement to that effect with the Commission.

D. Upon the resignation of a director, the corporation may file an amended
annual report with the Commission indicating the resignation of the director and
the successor in office, if any.

HISTORY: 1985, c. 522; 1991, c. 124; 2007, c. 925.