(1) The appointment of an officer does not itself create contract rights.
(2) Removal or resignation of an officer does not affect the contract rights, if any, of the corporation or the officer.
(Indemnification)
ORS 65.384
Known as the Oregon Nonprofit Corporation Act
The act spans §§ 65–65 (202 sections).
1989 c.1010 §97
Official source: Oregon State Legislature. Reproduced from public-domain Oregon statutes; confirm against the official source for the current text. Not legal advice.