An applicant shall not be required to give security for costs in any application made or action brought or intervened in under section 346 of this Act.
Companies and Allied Matters Act 2020 · Part B · Chapter 13
Section 350No security for costs
Cite as: Companies and Allied Matters Act 2020, section 350
What this section means
From the guide: Minority shareholders under CAMA 2020: derivative actions and unfair prejudice
- The applicant need not give security for costs, and the court can order the company to pay interim costs (sections 350 and 351).
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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.