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2020 Code of Alabama
Title 10A - Alabama Business and Nonprofit Entities Code.
Chapter 2A
Article 8 - Directors and Officers.
Division D - Officers.
Section 10A-2A-8.44 - Contract Rights of Officers. This Section Was Assigned by the Code Commissioner in the 2019 Regular Session, Effective January 1, 2020. This Is Not in the Current Code Supplement.
Universal Citation: AL Code § 10A-2A-8.44 (2020)
Section 10A-2A-8.44
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.
(Act 2019-94, §1.)
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