Contract rights of officers
Known as the Kentucky Business Corporation Act
The act spans §§ 271B.10-010 to 271B.8-580 (197 sections).
Effective: January 1, 1989 History: Created 1988 Ky
(1) The appointment of an officer shall not itself create contract rights.
(2) 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: Kentucky General Assembly. Reproduced from public-domain Kentucky statutes; confirm against the official source for the current text. Not legal advice.