Contract rights of officers
Known as the Connecticut Revised Nonstock Corporation Act
The act spans §§ 33–33 (207 sections).
(P.A. 96-256, S. 83, 209.) History: P.A. 96-256 effective January 1, 1997.
(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.
Official source: Connecticut General Assembly. Reproduced from public-domain Connecticut statutes; confirm against the official source for the current text. Not legal advice.