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The Laws of New York
Consolidated Laws of New York
CHAPTER 2
Banking
ARTICLE 15
General Provisions Applicable to Banking Stock Corporations, Limited Liability Investment Companies, and Limited Liability Trust Companies
TITLE 7
Directors and Officers
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SECTION 7013
Officers
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TITLE 7
Directors and Officers
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SECTION 7015
Duty of directors and officers; oath of directors
This entry was published on 2014-09-22
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SECTION 7014
Removal of officers
Banking (BNK) CHAPTER 2, ARTICLE 15, TITLE 7
§ 7014. Removal of officers. 1. Any officer elected or appointed by
the board may be removed by the board, or his authority suspended by it,
with or without cause. Such removal or suspension without cause,
however, shall be without prejudice to his contract rights. The election
or appointment of an officer shall not be deemed of itself to create
contract rights.

2. This section does not affect the powers of the superintendent under
section forty-one of this chapter.