COMPANIES AND ALLIED MATTERS ACT, 2020

Section 736: Costs in actions by certain limited companies.

2020Section 736 of 870Federal Republic of Nigeria

Where a limited company is the plaintiff in an action or other legal proceedings, a judge having jurisdiction in the matter may, if it appears by credible testimony that there is reason to believe that the company may be unable to pay the costs of the defendant if successful in his defence, require sufficient security to be given for those costs and may stay all proceedings until the security is given.

Cite this section

Section 736, COMPANIES AND ALLIED MATTERS ACT, 2020 (2020).

https://repo.podus.ai/laws/companies-and-allied-matters-act-2020/section/736/