Any officer elected or appointed may be removed by the persons authorized to elect or appoint the officer whenever, in their judgment, the best interests of the corporation will be served by removal. The removal of an officer is without prejudice to the contract rights, if any, of the officer removed. Election or appointment of an officer or agent does not of itself create contract rights. History of Section.P.L. 1984, ch. 380, § 1; P.L. 1984, ch. 444, § 1.
Rhode Island Legal Code