Section 139: Director ceasing to hold office

139. Director ceasing to hold office (1) The office of director of a company shall be vacated if the person holding that office— (a) resigns in accordance with subsection (2); (b) is removed from office in accordance with this Act or the constitution of the company; (c) becomes disqualified from being a director pursuant to section 133; (d) becomes disqualified from being a director pursuant to subsection (4); (e) dies; or (f) 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. (3) A notice under subsection (2) shall be effective when it is received at that address or at a later time specified in the notice. (4) Notwithstanding the vacation of office, a person who held office as a director shall remain 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.