§415B-69 Removal of officers. Any officer or agent elected or appointed may be removed by the persons authorized to elect or appoint the officer or agent whenever, in their judgment, the best interests of the corporation will be served thereby. The removal of an officer or agent shall be without prejudice to the contract rights, if any, of the officer or agent so removed. Election or appointment of an officer or agent shall not of itself create contract rights. [L 1985, c 270, pt of §1; am L 1987, c 135, §161]