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Companies and Allied Matters Act 2020 · Part F

Section 823Incorporation of trustees of certain communities, bodies and associations

(1)
Where two or more trustees are appointed by any community of persons bound together by custom, religion, kinship or nationality or by anybody or association of persons established for any religious, educational, literary, scientific, social, development, cultural, sporting or charitable purpose, they may, if so authorised by the community, body or association (in this Act referred to as “the association”) apply to the Commission in the manner provided for registration under this Act as a corporate body.
(2)
Upon being so registered by the Commission, the trustees shall become a corporate body in accordance with the provisions of section 830 of this Part.
Cite as: Companies and Allied Matters Act 2020, section 823

What this section means

From the Part overview: CAMA 2020 Part F: incorporated trustees (sections 823 to 850)

  • Section 823 lets two or more trustees appointed by a community of persons bound together by custom, religion, kinship or nationality, or by a body or association set up for a religious, educational, literary, scientific, social, development, cultural, sporting or charitable purpose, apply to the Commission to be registered as a corporate body, if the community, body or association authorises it.
  • the aims and objects, which must be lawful and for one of the purposes in section 823; and

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.