GroundRules
N.C. Gen. Stat. § 55-8-44: Contract rights of officers.
Where this section sits in the code
- Chapter 55. North Carolina Business Corporation Act.
- Article 8. Directors and Officers.
- Part 4. Officers.
(a) The appointment of an officer does not itself create contract rights.
(b) An officer's removal does not itself 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. (1901, c. 2, ss. 15, 16, 17; Rev., ss. 1149, 1150, 1151; C.S., s. 1145; G.S., s. 55-49; 1955, c. 1371, s. 1; 1959, c. 1316, s. 9; 1973, c. 1217; 1989, c. 265, s. 1.)
Collected 2026-08-27T18:05:57Z. Source file · JSON