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Companies and Allied Matters Act 2020 · Part B · Chapter 21

Section 607 Order on contributory to be conclusive evidence

(1)
An order made by the Court on a contributory shall, subject to any right of appeal, be conclusive evidence that money, if any thereby appearing to be due or ordered to be paid, is due.
(2)
All other pertinent matters stated in the order shall be taken to be truly stated as against all persons and in all proceedings, except proceedings against the land of a deceased contributory, when the order shall be only prima facie evidence for the purpose of charging his land, unless his heirs or devisees were on the list of contributories at the time the order was made.
Cite as: Companies and Allied Matters Act 2020, section 607

What this section means

From the guide: Winding up by the court under CAMA 2020: process, effects and court powers

Sections 573 to 619 explain the petition, when the winding up starts, what is void afterwards, the court’s powers and how the company ends.

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.