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District of Columbia · Through 2026-08-20 (D.C. Law 26-175)

D.C. Code § 29-306.44: Contract rights of officers.

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Where this section sits in the code
  1. Title 29. Business Organizations. [Enacted title]
  2. Chapter 3. Business Corporations.
  3. Subchapter VI. Directors and Officers.
  4. Part D. Officers.

(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.

Collected 2026-08-29T05:44:07Z. Source file · JSON

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