(a) The election or 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.
Structure Code of Alabama
Title 10A - Alabama Business and Nonprofit Entities Code.
Chapter 2A - Alabama Business Corporation Law.
Article 8 - Directors and Officers.
Section 10A-2A-8.40 - Officers.
Section 10A-2A-8.41 - Functions of Officers.
Section 10A-2A-8.42 - Standards of Conduct for Officers.