D.C. Code § 29-306.44 – Contract rights of officers. | Midpage

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Code of the District of Columbia

§ 29-306.44

D.C. Code § 29-306.44

Contract rights of officers.

Effective Jul 2, 2011July 2, 2011, D.C. Law 18-378, § 2, 58 DCR 1720

(a) The appointment of an officer shall not itself create contract rights.
(b) An officer’s removal shall not affect the officer’s contract rights, if any, with the corporation. An officer’s resignation shall not affect the corporation’s contract rights, if any, with the officer.

History

July 2, 2011, D.C. Law 18-378, § 2, 58 DCR 1720