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Section 191 Companies and Allied Matters Act (CAMA) 2020

Section 191 CAMA 2020

Power to borrow money, to charge property and to issue debentures

A company may borrow money for the purpose of its business or objects and may mortgage or charge its undertaking, property and uncalled capital, or any part thereof, and issue debentures, debenture stock and other securities whether outright or as security for any debt, liability or obligation of the company or of any third party.

See also  Section 472 Companies and Allied Matters Act (CAMA) 2020

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