Offshore Banking with a Swiss Bank Account and Nevis LLC

Removal 59. (1) Any officer elected or appointed by the board may be
of officers removed by the board with or without cause except as
otherwise provided in the articles of incorporation or the
bylaws. An officer elected by the shareholders may be
removed, with or without cause, only by vote of the
shareholders, but his authority to act as an officer may be
suspended by the board for cause.
(2) The removal of an officer without cause shall be
without prejudice to his contract rights, if any. The election
or appointment of an officer shall not of itself create
contract rights.