§711. Removal of officers
1. Removal. Any officer elected or appointed as provided in the articles of incorporation or bylaws may be removed by the persons authorized to elect or appoint such officer whenever in their judgment the best interests of the corporation will be served thereby. The removal of an officer shall be without prejudice to the contract rights, if any, of the officer so removed.
[PL 1977, c. 525, §13 (NEW).]
2. Contract rights not created by appointment. Election or appointment of an officer or agent shall not of itself create contract rights.
[PL 1977, c. 525, §13 (NEW).]
3. Vacancy. Any vacancy, however occurring, in any office may be filled by the directors, unless the articles of incorporation shall have specifically reserved such power to the members.
[PL 1977, c. 525, §13 (NEW).]
SECTION HISTORY
PL 1977, c. 525, §13 (NEW).
Structure Maine Revised Statutes
TITLE 13-B: MAINE NONPROFIT CORPORATION ACT
Chapter 7: DIRECTORS AND OFFICERS
13-B §701-A. Board of directors of a nonprofit housing corporation
13-B §702. Number and election of directors
13-B §704. Removal of directors
13-B §704-A. Removal of directors by judicial proceeding
13-B §705. Place and notice of directors' meetings
13-B §706. Quorum and vote of directors
13-B §707. Unanimous action by directors without a meeting
13-B §708. Informal or irregular action by directors
13-B §711. Removal of officers
13-B §712. Loans to directors and officers prohibited
13-B §713. Transactions between a corporation and its directors and officers (REPEALED)
13-B §713-A. Public benefit corporation; board
13-B §714. Indemnification of officers, directors, employees and agents; insurance
13-B §716. Duties of directors and officers (REPEALED)
13-B §717. General standards for directors
13-B §718. Director or officer conflict of interest
13-B §719. Duties and authority of officers
13-B §720. General standards for officers
13-B §721. Misapplication of funds or assets of public benefit corporation