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(a) The election or 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.
Cite this article: FindLaw.com - Alabama Code Title 10A. Alabama Business and Nonprofit Entities Code § 10A-2A-8.44 - last updated January 01, 2019 | https://codes.findlaw.com/al/title-10a-alabama-business-and-nonprofit-entities-code/al-code-sect-10a-2a-8-44/
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