South Carolina Statutes
§ 33-8-440 — Contract rights of officers.
(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 corporation's contract rights, if any, with the officer.
Free access — add to your briefcase to read the full text and ask questions with AI
South Carolina § 33-8-440 (Contract rights of officers.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
HISTORY: Derived from 1976 Code SECTION 33-13-140 [1962 Code SECTION 12-18.14; 1962 (52) 1996; 1981 Act No. 146, SECTION 2; Repealed, 1988 Act No. 444, SECTION 2]; 1988 Act No. 444, SECTION 2. ARTICLE 5 Indemnification
Nearby Sections
15
§ 33-8-102
Qualifications of directors.§ 33-8-103
Number and election of directors.§ 33-8-105
Terms of directors generally.§ 33-8-106
Staggered terms for directors.§ 33-8-107
Resignation of directors.§ 33-8-108
Removal of directors by shareholders.§ 33-8-110
Vacancy on board.§ 33-8-111
Compensation of directors.§ 33-8-200
Meetings.§ 33-8-210
Action without meeting.§ 33-8-220
Notice of meeting.§ 33-8-230
Waiver of notice.