BANKRUPTCY ACT

Section 70: No action for dividend

1979Section 70 of 143Federal Republic of Nigeria

No action for a dividend shall lie against the trustee, but if the trustee refuses to pay any dividend the court may, if it thinks fit, order him to pay it and also to pay out of his own money interest thereon for the time that it is withheld and the costs of the application.

Cite this section

Section 70, BANKRUPTCY ACT (1979).

https://repo.podus.ai/laws/bankruptcy-act/section/70/