Illinois Compiled Statutes 805 ILCS 105/108.55 – Removal of Officers
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Terms Used In Illinois Compiled Statutes 805 ILCS 105/108.55
- Contract: A legal written agreement that becomes binding when signed.
Any officer or agent may be removed by the board of directors or other persons authorized to elect or appoint such officer or agent but such removal shall be without prejudice to the contract rights, if any, of the person so removed. Election or appointment of an officer or agent shall not of itself create any contract rights.