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Section 823 Companies and Allied Matters Act (CAMA) 2020

Section 823 CAMA 2020

Section 823 Companies and Allied Matters Act is about Incorporation of trustees of certain communities,bodies and associations. It is under Chapter 1 (Incorporated trustees) of the Act.

(1) Where two or more trustees are appointed by any community of persons bound together by custom, religion, kinship or nationality or by anybody or association of persons established for any religious, educational,literary, scientific, social, development, cultural, sporting or charitable purpose,they may, if so authorised by the community, body or association (in this Act referred to as “the association”) apply to the Commission in the manner provided for registration under this Act as a corporate body.

(2) Upon being so registered by the Commission, the trustees shall become a corporate body in accordance with the provisions of section 830 of this Part.

See also  Section 40 Companies and Allied Matters Act 2020

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