Wisconsin Statutes 221.0623 – Contract rights of officers
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Terms Used In Wisconsin Statutes 221.0623
- Contract: A legal written agreement that becomes binding when signed.
(1) Effect of appointment. The appointment of an officer does not itself create contract rights.
(2) Effect of resignation or removal. Except as provided in s. 221.0622 (2), an officer’s resignation or removal is subject to any remedies provided by any contract between the officer and the bank or otherwise provided by law.