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Section 747 Companies and Allied Matters Act (CAMA) 2020

Section 747 CAMA 2020

Section 747 Companies and Allied Matters Act is about Partners. It is under Chapter 1 (Nature of limited liability partnership) of the Act.

Any individual or body corporate may be a partner in a limited liability partnership provided that an individual shall not be capable of becoming a partner of a limited liability partnership, if he is—

(a) of unsound mind and has been so found by a court in Nigeria or elsewhere ;

(b) an undischarged bankrupt.

See also  Section 56 Companies and Allied Matters Act 2020

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