North Dakota § 10-33-53 Contract rights

North Dakota Statutes

§ 10-33-53 — Contract rights

North Dakota § 10-33-53

Title 10Corporations

Ch. 10-33Nonprofit Corporations

This text of North Dakota § 10-33-53 (Contract rights) is published on Counsel Stack Legal Research, covering North Dakota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.D. Cent. Code § 10-33-53 (2026).

Text

The election or appointment of an individual as an officer or agent does not, of itself, create
contract rights. However, a corporation may enter into a contract with an officer or agent. The
resignation or removal of an officer or agent is without prejudice to any contractual rights or
obligations. The fact that the contract may be for a term that is longer than the terms of the
directors who authorized or approved the contract does not make the contract void or voidable.

Free access — add to your briefcase to read the full text and ask questions with AI

The election or appointment of an individual as an officer or agent does not, of itself, create
contract rights. However, a corporation may enter into a contract with an officer or agent. The
resignation or removal of an officer or agent is without prejudice to any contractual rights or
obligations. The fact that the contract may be for a term that is longer than the terms of the
directors who authorized or approved the contract does not make the contract void or voidable.