An administrator appointed under section 452 of this Act may be replaced by the holder of the floating charge by virtue of which the appointment was made.
Companies and Allied Matters Act 2020 · Part B · Chapter 18
Section 530Replacement of administrator appointed by holder of floating charge
Cite as: Companies and Allied Matters Act 2020, section 530
What this section means
From the guide: What is administration of a company under CAMA 2020?
Administration puts an administrator in charge of a struggling company. Here is how it starts, what it freezes, and the deadlines under sections 443 to 549.
Read the whole subject
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.