Section 157 — Companies Act 1993: Director ceasing to hold office

157 Director ceasing to hold office (1) The office of director of a company is vacated if the person holding that office— (a) Resigns in accordance with subsection (2) of this section; or (b) Is removed from office in accordance with this Act or the constitution of the company; or (c) Becomes disqualified from being a director pursuant to section 151 of this Act; or (d) Dies; or (e) Otherwise vacates office in accordance with the constitution of the company. (2) A director of a company may resign office by signing a written notice of resignation and delivering it to the address for service of the company. The notice is effective when it is received at that address or at a later time specified in the notice. (3) Notwithstanding the vacation of office, a person who held office as a director remains liable under the provisions of this Act that impose liabilities on directors in relation to acts and omissions and decisions made while that person was a director.