11A V.S.A. § 8.44

Contract rights of officers

Last amended: 1993Year: 2026Length: 43 wordsSubsections: 2Official source
(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.
11A V.S.A. § 8.44: Contract rights of officers | Justis AI