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Companies and Allied Matters Act 2020 · Part F

Section 827Constitution

The constitution of the association shall in addition to any other matter—
(a)
state the name or title of the association ;
(b)
the aims and objects of the association ; and
(c)
make provisions, in respect of the following—
(i)
appointment, powers, duties, tenure of office and replacement of the trustees,
(ii)
the use and custody of the common seal, if there is one,
(iii)
the meetings of the association,
(iv)
the number of members of the governing body, if any, the procedure for their appointment and removal, and their powers, and where subscriptions and other contributions are to be collected, the procedure for disbursement of the funds of the association, the keeping of accounts and the auditing of such accounts.
Cite as: Companies and Allied Matters Act 2020, section 827

What this section means

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

  • The constitution must state the association’s name and aims and provide for the appointment, powers, duties, tenure and replacement of trustees, the common seal, meetings, the governing body, and how funds are disbursed, accounted for and audited (section 827).

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.