Colorado Statutes

§ 7-108-304 — Contract rights with respect to officers

Colorado·Title 07 Corporations·Art. Directors and Officers
(1)The appointment of an officer does not itself create contract rights.
(2)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 corporation's contract rights, if any, with the officer.

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Legislative History

Source: L. 93: Entire article added, p. 786, � 1, effective July 1, 1994.

Nearby Sections

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