Statutes > Iowa Statutes > Title 12 - Business Entities > Subtitle 5 - Nonprofit Corporations > CHAPTER 504 - REVISED IOWA NONPROFIT CORPORATION ACT > 504.845 - CONTRACT RIGHTS OF OFFICERS.

504.845 - CONTRACT RIGHTS OF OFFICERS.

        504.845  CONTRACT RIGHTS OF OFFICERS.         1.  The appointment of an officer of a corporation does not itself      create contract rights.         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.
         Section History: Recent Form
         2004 Acts, ch 1049, §99, 192