Form with which the board of directors of a corporation accepts the resignation of a corporate officer.
Resignation Of Director Procedure In Cuyahoga
Category:
State:
Multi-State
County:
Cuyahoga
Control #:
US-0005-CR
Format:
Word;
Rich Text
Instant download
Description
Form popularity
FAQ
The statutory procedure allows any director to be removed by ordinary resolution of the shareholders in general meetings (i.e., the holders of more than 50% of the voting shares must agree). This right of removal by the shareholders cannot be excluded by the Articles or by any agreement.
A decision to dismiss a managing director must be held at a general meeting As a result, the managing director loses his legal position as a representative of the shareholders. The recall must be announced in the commercial register.
A director may resign from his office by giving a notice in writing to the company and the Board shall on receipt of such notice take note of the same and the company shall intimate the Registrar in such manner, within such time and in such form as may be prescribed and shall also place the fact of such resignation in ...
A director may resign from his office by giving a notice in writing to the company and the Board shall on receipt of such notice take note of the same and the company shall intimate the Registrar in such manner, within such time and in such form as may be prescribed and shall also place the fact of such resignation in ...
So, the answer to the question is: Yes, a director can be forced out – but the exact scenario depends on the protocols you establish from day one.
Submission of Form DIR-11 by the Resigning Director: The director who has resigned can send a copy of their resignation to the Registrar of Companies (ROC) using Form DIR-11 within 30 days from the date of their resignation.
The statutory procedure allows any director to be removed by ordinary resolution of the shareholders in general meetings (i.e., the holders of more than 50% of the voting shares must agree). This right of removal by the shareholders cannot be excluded by the Articles or by any agreement.
Inform the other directors of the company and let them know of your resignation in writing. Inform other stakeholders including clients, partners and suppliers, and ensure they have a new point of contact. Let Companies House know about your resignation by filing the relevant information.
If you want to obtain a copy of the deed to your home, contact your local county recorder.
Deeds and additional ownership documentation (circa 1810 to present) is available online or in person at the Recorder's Office, located on the 4th floor of the Cuyahoga County Administration Building.
