A receiver or manager of the property of a company appointed under a power contained in any instrument, or the persons by whom or on whose behalf a receiver or manager has been so appointed may apply to the Court for directions in relation to any particular matter arising in connection with the performance of his functions, and on any such application the Court may give such directions or make such order declaring the rights of persons before the Court or otherwise, as it deems just.
Companies and Allied Matters Act 2020 · Part B · Chapter 19
Section 554 Power of a receiver or manager appointed out of Court to apply to the Court for directions
Cite as: Companies and Allied Matters Act 2020, section 554
What this section means
From the guide: Receivers and managers under CAMA 2020: appointment, powers, duties and liability
- He or his appointors can apply to the court for directions (section 554).
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.