resources / Statutes / Nonprofit Corporations / §10-3620

Title 10 – Corporations and Associations

Chapter 29 – Members and Membership-nonprofit Corporations

Article 3 – Resignation and Termination

  • A. A member may resign at any time, except as set forth in or authorized by the articles of incorporation or bylaws.
  • B. The resignation of a member does not relieve the member from any obligations the member may have to the corporation as a result of obligations incurred or commitments made prior to resignation.
  • C. This section does not apply to corporations that are condominium associations or planned community associations.