ASSET MANAGEMENT CORPORATION OF NIGERIA ACT

Section 47: Treatment of Assets upon Dissolution of Corporation.

2010Section 47 of 88Federal Republic of Nigeria

The assets of the Corporation remaining after the redemption of all debt securities and discharge of all payment or repayment obligations shall at its eventual dissolution be transferred to the Fund of the Corporation and distributed by the Governor between the subscribers to the capital of the Corporation in proportion to their respective stake in the authorized capital of the Corporation.

Cite this section

Section 47, ASSET MANAGEMENT CORPORATION OF NIGERIA ACT (2010).

https://repo.podus.ai/laws/asset-management-corporation-of-nigeria-act/section/47/