Wisconsin Statutes 180.0844 – Contract rights of officers
Current as of: 2023 | Check for updates
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Terms Used In Wisconsin Statutes 180.0844
- Contract: A legal written agreement that becomes binding when signed.
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
(1) The appointment of an officer does not itself create contract rights.
(2) Except as provided in s. 180.0843 (2), an officer’s resignation or removal is subject to any remedies provided by any contract between the officer and the corporation or otherwise provided by law.