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Companies and Allied Matters Act 2020 · Part B · Chapter 22

Section 628 Power to fill vacancy in office of liquidators

(1)
If a vacancy occurs by death, resignation or otherwise in the office of a liquidator appointed by the company, the company in general meeting may, subject to any arrangement with its creditors, fill the vacancy and for that purpose a general meeting may be convened by a contributory or, if there were more liquidators than one, by the continuing liquidators.
(2)
The general meeting shall be held in the manner provided by this Act or by the articles, or in such manner as may, on application by a contributory or by the continuing liquidators, be determined by the Court.
Cite as: Companies and Allied Matters Act 2020, section 628

What this section means

From the guide: Voluntary winding up under CAMA 2020: members’ and creditors’ winding up

Sections 620 to 653 explain when a company can wind itself up, the declaration of solvency, and how members’ and creditors’ winding up differ.

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.