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Presidential Resignation


jjinaz

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Does the position pass to the vice president or does the board re-elect a new president?

The vice president becomes president as soon as the resignation is accepted. Then you have to follow your vacancy-filling rules with respect to the vacancy in the office of vice president.

If you have more than one VP, the 1st VP becomes president, the 2nd VP becomes 1st VP, and so on. The vacancy then occurs in the office of the highest-numbered VP.

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