2011 Vermont Code
Title 11B Nonprofit Corporations
Chapter 8 DIRECTORS AND OFFICERS
§ 44 Contract rights of officers


11B VT Stats § 8.44. (2011 through Adj Sess) What's This?

§ 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 corporation's contract rights, if any, with the officer. (Added 1995, No. 179 (Adj. Sess.), § 1, eff. Jan. 1, 1997.)

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