NIGERIAN ACCOUNTING STANDARDS BOARD ACT

Section 27: Restriction on execution against property of the Board.

2003Section 27 of 32Federal Republic of Nigeria

(1) In any action or suit against the Board, no execution or attachment of process in the nature thereof shall be issued against the Board unless not less than three months notice of the intention to executive or to attach process has been given to the Board.
(2) Any sum of money which by judgment of any court has been awarded against the Board shall, subject to any direction given by the Court, where no notice of appeal against the judgment has been given, be paid from the Fund of the Board.

Cite this section

Section 27, NIGERIAN ACCOUNTING STANDARDS BOARD ACT (2003).

https://repo.podus.ai/laws/nigerian-accounting-standards-board-act/section/27/