Canada Business Corporations Act (R.S.C., 1985, c. C-44)

Marginal note:Ceasing to hold office

• 108 (1) A director of a corporation ceases to hold office when the director

  • (a) dies or resigns;

  • (b) is removed in accordance with section 109; or

  • (c) becomes disqualified under subsection 105(1).

• Marginal note:Effective date of resignation

  (2) A resignation of a director becomes effective at the time a written resignation is sent to the corporation, or at the time specified in the resignation, whichever is later.