SEC. 79-11-279. Contract rights between officer and corporation.
(1) The appointment of an officer does not itself create contract rights between the officer and the corporation.
(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.
SOURCES: Laws, 1987, ch. 485, Sec. 90, eff from and after January 1, 1988.