Section 10-2B-8.44 Contract rights of officers. - Alabama Statutes

Section 10-2B-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 officer's contract rights, if any, with the corporation.

(Acts 1994, No. 94-245, p. 343, §1.)