Statutes > Arkansas Statutes > Title 4 - Business and Commercial Law > Subtitle 3 - Corporations And Associations > Chapter 27 - Business Corporation Act Of 1987 > Subchapter 8 - Directors -- Officers -- Meetings -- Standards of Conduct -- Indemnification > T - A: Board of Directors > § 4-27-844 - Contract rights of officers.

§ 4-27-844 - Contract rights of officers.

4-27-844. 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.