Sec. 4. (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. IC 23-1-37 Chapter 37. Indemnification of Directors, Officers, Employees, and Agents 23-1-37-1 "Corporation" defined 23-1-37-2 "Director" defined 23-1-37-3 "Expenses" defined 23-1-37-4 "Liability" defined 23-1-37-5 "Official capacity" defined 23-1-37-6 "Party" defined 23-1-37-7 "Proceeding" defined 23-1-37-8 Indemnification of director against liability 23-1-37-9 Mandatory indemnification of director against expenses 23-1-37-10 Reimbursement of expenses in advance of final disposition 23-1-37-11 Application to court for indemnification 23-1-37-12 Authorization of indemnification 23-1-37-13 Officers, employees, and agents; indemnification and advance of expenses 23-1-37-14 Insurance against liability 23-1-37-15 Indemnification rights under articles of incorporation, bylaws, or resolutions
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