Director vacancy rules: staged postponement of office vacation pending initial appeal and subsequent appellate filings. Where a director incurs statutory disqualification, the office becomes vacant in all companies except the company in default; additionally, the office is not vacated for thirty days from conviction or disqualification order, remains until seven days after disposal if an appeal or petition is filed within thirty days, and remains until disposal of any further appeal filed within that seven-day period.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Director vacancy rules: staged postponement of office vacation pending initial appeal and subsequent appellate filings.
Where a director incurs statutory disqualification, the office becomes vacant in all companies except the company in default; additionally, the office is not vacated for thirty days from conviction or disqualification order, remains until seven days after disposal if an appeal or petition is filed within thirty days, and remains until disposal of any further appeal filed within that seven-day period.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
