Indiana § 23-1-36-4 - Contract rights
Full text of Indiana Indiana Code § 23-1-36-4 — Contract rights, with citation guidance and answers to common questions.
§ 23-1-36-4. Contract rights
Sec. 4. (a) The election or appointment of an officer does not itself create contract rights.
(b) An officer's removal does not affect the officer's contract rights, if any, with the corporation. An officer's resignation does not affect the corporation's contract rights, if any, with the officer.
As added by P.L.149-1986, SEC.20.
IC 23-1-37Chapter 37. Indemnification of Directors, Officers, Employees, and Agents
23-1-37-1"Corporation" defined 23-1-37-2"Director" defined 23-1-37-3"Expenses" defined 23-1-37-4"Liability" defined 23-1-37-5"Official capacity" defined 23-1-37-6"Party" defined 23-1-37-7"Proceeding" defined 23-1-37-8Indemnification of director against liability 23-1-37-9Mandatory indemnification of director against expenses 23-1-37-10Reimbursement of expenses in advance of final disposition 23-1-37-11Application to court for indemnification 23-1-37-12Authorization of indemnification 23-1-37-13Officers, employees, and agents; indemnification and advance of expenses 23-1-37-14Insurance against liability 23-1-37-15Indemnification rights under articles of incorporation, bylaws, or resolutions
Source: official Indiana text · Last verified 2026-08-27
Frequently Asked Questions About Indiana § 23-1-36-4
What does Indiana Code § 23-1-36-4 cover?
Section 23-1-36-4 ("Contract rights") is part of the Indiana Code, the codified statutory law of Indiana. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Indiana § 23-1-36-4?
A common citation format is "Indiana Code § 23-1-36-4" (Indiana). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Indiana law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Indiana official source linked on this page or consult a licensed Indiana attorney.
How does Indiana § 23-1-36-4 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Indiana can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Indiana.