(805 ILCS 105/108.55)
(from Ch. 32, par. 108.55)
Removal of Officers.
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.
(Source: P.A. 84-1423.)