Resolution - Resignation of a director (also an officer), with or without replacement

Description

Director of a business corporation

• When a director resigns, he or she must submit a formal notice to the corporation. In return, the company must formalize acceptance of the resignation by resolution and decide whether a replacement is necessary.
• If the resigning director also holds a officer position within the company, and wishes to leave this position as well, the company must determine whether it will proceed with a replacement. However, if the resigning director is also chairman of the company, this position must be replaced.
• The resolution for the acceptance of a director's resignation, available on this site, is designed to meet the needs of most corporations, even in relatively straightforward situations.

• Explore our legal FAQ to find detailed information about corporations.

• In general, any decision concerning a company must be formalized by a resolution adopted by its board of directors.
• All company resolutions must be carefully preserved in the company's minute book, ensuring traceability and legal compliance.
• The Legal Publicity Act stipulates that companies must promptly update the identification of majority shareholders and ultimate beneficiaries with the Registre des entreprises du Québec (REQ).
• This crucial requirement aims to ensure the transparency and accuracy of public information about companies, making it easier for the public and authorities to verify their legitimacy, and reinforcing confidence and security in Quebec's business ecosystem.

Other services offered

Price

Available options