COMPANIES AND ALLIED MATTERS ACT, 2020

Section 458: Invalid appointment and indemnity.

2020Section 458 of 870Federal Republic of Nigeria

(1) This section applies where—
(a) a person purports to appoint an administrator under section 452 of this Act; and
(b) the appointment is discovered to be invalid.
(2) The Court may order the person who purported to make the appointment to indemnify the person appointed against liability which arises solely by reason of the invalidity of the appointment.

Cite this section

Section 458, COMPANIES AND ALLIED MATTERS ACT, 2020 (2020).

https://repo.podus.ai/laws/companies-and-allied-matters-act-2020/section/458/