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2020 Iowa Code
Title XII - BUSINESS ENTITIES
Chapter 504 - REVISED IOWA NONPROFIT CORPORATION ACT
Section 504.845 - Contract rights of officers.
Universal Citation: IA Code § 504.845 (2020)
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.
2004 Acts, ch 1049, §99, 192
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