Arizona Revised Statutes (Last Updated: March 31, 2016) |
Title 10. Corporations and Associations |
Chapter 31. DIRECTORS AND OFFICERS-NONPROFIT CORPORATIONS |
Article 4. Officers |
Sec 10-3844. Contract rights of officers
Latest version.
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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.