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2017 Colorado Revised Statutes
Title 7 - Corporations and Associations
Corporations - Continued
Article 128 - Directors and Officers
Part 3 - Officers
§ 7-128-304. Contract rights with respect to officers
Universal Citation: CO Rev Stat ยง 7-128-304 (2017)
(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 nonprofit corporation. An officer's resignation does not affect the nonprofit corporation's contract rights, if any, with the officer.
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