INVESTMENTS AND SECURITIES ACT

Section 42: Money in trust account not available for payment of debt

2007Section 42 of 316Federal Republic of Nigeria

(1) A capital market operator shall not except as otherwise provided in this part of this Act pay his debts with any money held in a trust account.
(2) Monies held in a trust account shall be liable to be paid or taken in execution of an order of a court or tribunal.

Cite this section

Section 42, INVESTMENTS AND SECURITIES ACT (2007).

https://repo.podus.ai/laws/investments-and-securities-act/section/42/