In this Chapter, the word “arrangement” means any change in the rights or liabilities of members, debenture holders or creditors of a company or any class of them or in the regulation of a company, other than a change effected under any other provision of this Act or by the unanimous agreement of all parties affected.
Companies and Allied Matters Act 2020 · Part B · Chapter 27
Section 710 Definition of arrangement
Cite as: Companies and Allied Matters Act 2020, section 710
What this section means
From the guide: Schemes of arrangement, mergers and compromises with creditors under CAMA 2020
- An arrangement is any change in the rights or liabilities of members, debenture holders or creditors, or any class of them, or in the regulation of the company, other than a change made under another provision of the Act or by the unanimous agreement of all affected (section 710).
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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.