The powers vested in the trustees by or under this Act shall be exercised subject to the directions of the associations, or the council or governing body appointed under section 836 of this Part.
Companies and Allied Matters Act 2020 · Part F
Section 837Exercise of powers of trustee
Cite as: Companies and Allied Matters Act 2020, section 837
What this section means
From the Part overview: CAMA 2020 Part F: incorporated trustees (sections 823 to 850)
- The association may appoint a council or governing body, which includes the trustees, and the trustees exercise their powers subject to its directions (sections 836 and 837).
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.