Refusal of director to serve

(a) A person who has been elected or appointed a director and neglects or refuses to qualify and serve as such is guilty of a violation and upon conviction shall be fined in any sum of not less than one hundred dollars ($100) nor more than three hundred dollars ($300). (b) However, the directors, for good cause shown, may permit a director to resign. Amended by Act 2023, No. 203,§ 6, eff. 8/1/2023. Acts 1921, No. 99, § 14; Pope's Dig., § 10102; Acts 1957, No. 8, § 8; 1983, No. 650, § 1; A.S.A. 1947, § 19-714. (a) A person who has been elected or appointed a director and neglects or refuses to qualify and serve as such is guilty of a violation and upon conviction shall be fined in any sum of not less than one hundred dollars ($100) nor more than three hundred dollars ($300). (b) However, the directors, for good cause shown, may permit a director to resign. Amended by Act 2023, No. 203,§ 6, eff. 8/1/2023. Acts 1921, No. 99, § 14; Pope's Dig., § 10102; Acts 1957, No. 8, § 8; 1983, No. 650, § 1; A.S.A. 1947, § 19-714.