Contract rights of officers
Known as the Business Corporation Act
The act spans §§ 29–29 (170 sections).
July 2, 2011, D.C
(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.
Official source: D.C. Law Library (Council of the District of Columbia). Reproduced from public-domain District of Columbia statutes; confirm against the official source for the current text. Not legal advice.