The Vermont Statutes Online
Title 11B : Nonprofit Corporations
Chapter 008 : DIRECTORS AND OFFICERS
Subchapter 004 : OFFICERS(Cite as: 11B V.S.A. § 8.44)
§ 8.44. Contract rights of officers
(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. (Added 1995, No. 179 (Adj. Sess.), § 1, eff. Jan. 1, 1997.)