490.844 - CONTRACT RIGHTS OF OFFICERS.

        490.844  CONTRACT RIGHTS OF OFFICERS.         1.  The appointment of an officer does not itself create contract      rights.         2.  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 History: Recent Form
         89 Acts, ch 288, §97