Without prejudice to any special rights previously conferred on the holders of existing shares or class of shares, any share in a company may be issued with such preferred, deferred or other special rights or such restrictions, whether with regard to dividend, return of capital or otherwise, as the company may determine by ordinary resolution.
Companies and Allied Matters Act 2020 · Part B · Chapter 8
Section 144 Issue with rights attached
Cite as: Companies and Allied Matters Act 2020, section 144
What this section means
From the guide: Issuing and allotting shares under CAMA 2020: pre-emption, premium and discount
- Preferred, deferred or special rights can be attached by ordinary resolution (section 144).
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Source: Companies and Allied Matters Act 2020 (Act No. 3 of 2020), Official Gazette No. 124, Lagos, 10 August 2020. General information, not legal advice.