Fred D. Anderson, a board member, resigned recently after a special committee of directors disclosed that it had found irregularities with stock-option grants made between 1997 and 2002, a period when he served as chief financial officer.
The Legislature has been deadlocked 9 to 9 since a Democratic member resigned last month because of a criminal case involving his private job.
If a member resigns from the committee, the member's home department will select someone to complete the remaining term.
Unlike owners of time shares, members of destination clubs generally do not have a stake in any real estate holdings, and clubs promise to refund at least 80percentt of the initial deposit when a member resigns.
Unlike most clubs, it promises to return 100percentt of the initial deposit if a member resigns within the first year (versus 80percentt after that, which is the industry standard).
In 1882, a formal opinion by the Attorney General concluded that resignation from Congress does not free a member to be appointed to civil office because the Clause speaks to the term for which a member was elected, and that term still exists, even if a member resigns.
Cuban-born Zoila Meyer, a City Council member, resigned last year because she wasn't an American citizen.
After the revelations, Ronna Neiderman, a board member, resigned.
Three generations of Whitney women had served as presidents and board members, but the trustees' dismissal of Tom Armstrong deeply offended Flora Miller Biddle, Gertrude Vanderbilt Whitney's granddaughter; she eventually left the board, and her daughter, Fiona Donovan, who was also a board member, resigned in 2002.
