INVESTMENTS AND SECURITIES ACT

Section 139: Arrangement for funds.

2007Section 139 of 316Federal Republic of Nigeria

Where a bid under a take-over bid states that the consideration for the shares deposited pursuant to the bid is to be paid in money or partly in money, the offeror shall make adequate arrangements to ensure that funds are available to make the required monetary payment for those shares.

Cite this section

Section 139, INVESTMENTS AND SECURITIES ACT (2007).

https://repo.podus.ai/laws/investments-and-securities-act/section/139/