(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.
Section: Previous 14-2-840 14-2-841 14-2-842 14-2-843 14-2-844Last modified: October 14, 2016