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2013 Vermont Statutes
Title 11A Vermont Business Corporations
Chapter 8 DIRECTORS AND OFFICERS
§ 8.44 Contract rights of officers


11A V.S.A. § 8.44 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 1993, No. 85, 2, eff. Jan. 1, 1994.)

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