Form with which the board of directors of a corporation accepts the resignation of a corporate officer.
Director Resignation From Company In Michigan
Category:
State:
Multi-State
Control #:
US-0005-CR
Format:
Word;
Rich Text
Instant download
Description
Form popularity
FAQ
In US companies, officers are elected by the board of directors, and usually consist of a president and/or a chief executive officer, one or more vice presidents, a secretary, and a treasurer or chief financial officer. In larger enterprises, there may be many officers each with varying duties and responsibilities.
California law requires that each corporation must have a president, a secretary, and a chief financial officer. We typically also provide for at least one vice president. California law permits a single person to hold multiple offices – in many cases, a single person acts as each of the officers.
MCL 450.1243 A resident agent of a domestic or foreign corporation may resign by filing a written notice of resignation with the president or a vice president of the corporation and with the administrator. The corporation shall promptly appoint a successor resident agent.
To formally change a business name in Michigan, you'll ultimately need to file either a Certificate of Amendment to the Articles of Organization if you own a Michigan limited liability company (LLC) or a Certificate of Amendment to the Articles of Incorporation if you own a Michigan corporation.
Usually, the bylaws will provide for several corporate officers. The most common are the president, vice president, secretary and treasurer. The president usually makes decisions of corporate policy and operations. The vice president assumes the president's functions in his or her absence.
(1) The officers of a corporation shall consist of a president, secretary, treasurer, and, if desired, a chairperson of the board, 1 or more vice presidents, and any other officers as prescribed in the bylaws or determined by the board.
Officers are appointed by the board of directors during incorporation. The company documents the officers' positions and responsibilities in the corporation's articles, bylaws, or resolutions. It is possible for one employee to fill all positions, providing a range of services to the organization.
To start a corporation in Michigan, you'll need to do three things: appoint a registered agent, choose a name for your business, and file Articles of Incorporation with the Department of Licensing and Regulatory Affairs (LARA). You can file this document online, by mail or in person.
Typically, a director can resign at any time by formal notice in writing to the company (i.e. the board of directors). The Articles may also set out a requirement for the resigning director to notify the members (i.e. shareholders) of the company and any period of notice.
