504.845 - CONTRACT RIGHTS OF OFFICERS. - Iowa Statutes

504.845 CONTRACT RIGHTS OF OFFICERS. 1. The appointment of an officer of a corporation 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 2004 Acts, ch 1049, §99, 192