Law library · Sierra Leone · The Companies Act, 2009
Section 233, The Companies Act, 2009
In forceThe Companies Act, 2009, Sierra Leone
(1) Directors are trustees of the company’s moneys,properties and powers and as such shall-
(a) account for all the moneys over which they
exercise control;
(b) refund any moneys improperly paid away;
(c) exercise their powers honestly in the interest
of the company and all the shareholders, and
not in their own or sectional interests.
(2) A director may, when acting within his authority and the
powers of the company be regarded as an agent of the company
under this Act.
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