Contract rights of officers.

  1. Law
  2. South Carolina Code of Laws
  3. Corporations, Partnerships and Associations
  4. South Carolina Nonprofit Corporation Act
  5. Contract rights of officers.

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(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.

HISTORY: 1994 Act No. 384, Section 1.

Subarticle E

Indemnification


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