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Companies and Allied Matters Act 2020 · Part B · Chapter 19

Section 563 Construction of references to receivers and managers

Any reference in this Act to—
(a)
a receiver or manager of the property of a company, or to a receiver thereof, includes a reference to a receiver or manager, or to a receiver of part only of that property and to a receiver only of the income arising from that property or from part thereof ; and
(b)
the appointment of a receiver or manager under powers contained in any instrument, includes a reference to an appointment made under powers which, by virtue of any enactment, are implied in and have effect as if contained in an instrument.
Cite as: Companies and Allied Matters Act 2020, section 563

What this section means

From the guide: Receivers and managers under CAMA 2020: appointment, powers, duties and liability

  • References to a receiver or manager include one of part only of the property or of income only, and appointments under powers implied by an enactment (section 563).

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.