Sec. 4. (a) The election or appointment of an officer does not create contract rights. (b) An officer's removal does not affect the officer's contract rights with the corporation. An officer's resignation does not affect the corporation's contract rights with the officer. Removal or resignation of an officer does not affect the contract rights of the officer or the corporation. IC 23-17-15 Chapter 15. Meetings and Action of Board of Directors 23-17-15-1 Regular and special meetings; location of meetings; means of participation in meeting 23-17-15-2 Action taken without meeting 23-17-15-3 Notice of meeting 23-17-15-4 Waiver of notice of meeting 23-17-15-5 Quorum; affirmative vote of majority of directors constitutes act of board 23-17-15-5.5 Mutual benefit corporations; proxy voting for electric cooperatives 23-17-15-6 Committees
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