Contract rights with respect to officers.

  1. Law
  2. Colorado Revised Statutes
  3. Corporations And Associations
  4. Directors and Officers
  5. Contract rights with respect to officers.

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(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.

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


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