Current through the 2024 Regular Session
Section 30-29-844 - CONTRACT RIGHTS OF OFFICERS(a) The election or 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.[30-29-844, added 2015, ch. 243, sec. 63, p. 934; am. 2019, ch. 90, sec. 97, p. 280.]Amended by 2019 Session Laws, ch. 90,sec. 97, eff. 7/1/2019.Added by 2015 Session Laws, ch. 243,sec. 63, eff. 7/1/2015.