Iowa Code § 490.844
Contract rights of officers
Redline — January 1, 2022 → current.View current text →
Current — January 1, 2023
As of January 1, 2022
1. The election or appointment of an officer does not itself create contract rights.
1. The election or appointment of an officer 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.
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.
89 Acts, ch 288, §97; 2021 Acts, ch 165, §109, 230
89 Acts, ch 288, §97; 2021 Acts, ch 165, §109, 230
2021 amendment effective January 1, 2022; 2021 Acts, ch 165, §230
Section stricken and rewritten
Official source: Iowa Legislature. Reproduced from public-domain Iowa statutes; confirm against the official source for the current text. Not legal advice.