§ 8.44.

61 words·~1 min read·/vt/8-44-3

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

§ 8.44. Contract rights of officers

(a)The appointment of an officer does not itself create contract rights.

(b)An officer’s removal does not affect the officer’s contract rights, if any, with the corporation. An officer’s resignation does not affect the corporation’s contract rights, if any, with the officer. (Added 1995, No. 179 (Adj. Sess.), § 1, eff. Jan. 1, 1997.)