Alabama § 10A-2-8.44 Contract Rights of Officers

Alabama Statutes

§ 10A-2-8.44 — Contract Rights of Officers

Alabama § 10A-2-8.44

JurisdictionAlabama

Title 10AAlabama Business and Nonprofit Entities Code

Ch. 2Business Corporations

Art. 8Directors and Officers

Div. DOfficers

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Bluebook

Ala. Code § 10A-2-8.44 (2026).

Text

REPEALED IN THE 2019 REGULAR SESSION BY ACT 2019-94 EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT.

(a)The appointment of an officer does not itself create contract rights.

(b)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 officer’s contract rights, if any, with the corporation.

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REPEALED IN THE 2019 REGULAR SESSION BY ACT 2019-94 EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT.
(a) The appointment of an officer does not itself create contract rights.
(b) 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 officer’s contract rights, if any, with the corporation.