COMPANIES AND ALLIED MATTERS ACT, 2020

Section 525: Resignation of administrator.

2020Section 525 of 870Federal Republic of Nigeria

(1) An administrator may resign only in prescribed circumstances.
(2) An administrator may resign only where he is appointed—
(a) by administration order, by notice in writing to the Court;
(b) under section 452 of this Act, by notice in writing to the holder of the floating charge by virtue of which the appointment was made;
(c) under section 459 (1) of this Act, by notice in writing to the company; or
(d) under section 459 (2) of this Act, by notice in writing to the directors of the company.

Cite this section

Section 525, COMPANIES AND ALLIED MATTERS ACT, 2020 (2020).

https://repo.podus.ai/laws/companies-and-allied-matters-act-2020/section/525/