Commercial Companies Law

Commercial Companies Law — Article 200

A member may resign from membership of the board of directors by a written notice addressed to the chairman of the board. If the resignation is made by the chairman of the board, the notice shall be addressed to the secretary of the board and the membership shall cease from the date specified in the notice. All the board of directors may resign by a written notice addressed to the ordinary general meeting. The membership in this case shall cease upon election of a new board of directors.

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