(805 ILCS 5/8.55) (from Ch. 32, par. 8.55)
Sec. 8.55.
Removal of officers.
Any officer or agent may be removed by the board of directors whenever
in its judgment the best interests of the corporation will be served
thereby, 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 contract rights.
(Source: P.A. 83-1025.)
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