INVESTMENTS AND SECURITIES ACT

Section 200: Removal from the board of trustees

2007Section 200 of 316Federal Republic of Nigeria

A member of the board of trustees shall cease to be a member if:(a) before the expiration of his tenure, he ceases to be a member of the body he represents on the board of trustees; or
(b) his membership on the board of trustees is withdrawn by the body he represents; or
(c) he is guilty of any crime involving dishonesty or sanctioned for misconduct by any professional body or association; or
(d) on a resolution of the other members of the board of trustees supported by at least two-thirds of its membership, is adjudged to be engaged in activities prejudicial to or inconsistent with his position as a member of the board of trustees.

Cite this section

Section 200, INVESTMENTS AND SECURITIES ACT (2007).

https://repo.podus.ai/laws/investments-and-securities-act/section/200/