How a company acts under CAMA 2020: sections 87 to 104
Chapter 5 explains how a company acts through its members and board, when it is bound by its officers and agents, how it makes contracts, uses seals and executes deeds, and how documents are served on it.
Chapter 5 of Part B has 18 sections. Every section is listed below with its title.
Guides in this chapter
- How a company acts and when it is bound by its directors, officers and agentsSections 87 to 94 explain how powers are split between members and the board, and when a company is bound by what others do in its name.ss. 87-94
- Company contracts, seals and how a company signs documents under CAMA 2020Sections 95 to 104 cover the form of company contracts, pre-incorporation deals, seals, powers of attorney and execution of deeds.ss. 95-104
Key rules in this chapter
- Unless the articles say otherwise, the board manages the company (section 87(3)).
- A deed can be signed without a seal by a director and the secretary, two directors, or a director with a witness (section 102).
- A pre-incorporation contract can be ratified by the company after it is formed (section 96).
Previous: Chapter 4: PromotersNext: Chapter 6: Membership
Source: the Companies and Allied Matters Act 2020 as published in the Official Gazette.