Section 38 Revocation of appointment
(1) The directors’ appointment may be revoked at any time without prejudice to claims for compensation resulting from existing agreements.
(2) The articles of association may restrict the permissibility of the revocation to cases in which there are important grounds therefor. Serious breach of duty or the incapacity to proper management shall be deemed to be such grounds.
Information for non-professionals
Relevance for legal relations