In performing his functions under this Part, the administrator of a company acts as its agent.
Companies and Allied Matters Act 2020 · Part B · Chapter 18
Section 506Administrator as agent of company
Cite as: Companies and Allied Matters Act 2020, section 506
What this section means
From the guide: What is administration of a company under CAMA 2020?
- The administrator may do anything necessary or expedient to manage the company’s affairs, business and property (section 496), takes custody or control of its property (section 504), and acts as the company’s agent (section 506).
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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.