NAMCOL definition

Examples of NAMCOL in a sentence

NAMCOL shall be a juristic person capable in law of suing and being sued in its own name and shall have the power, subject to this Act, of purchasing or in any manner acquiring, holding, hiring, letting, selling, exchanging or otherwise alienating any movable or immovable property, of granting to any person a real right in, or servitude on, its property and of investing, lending, or borrowing money.

A member of the Board or of any committee of the Board, the Director, Deputy Director, or a member of the staff of NAMCOL shall not be personally liable for any damage or loss arising out of any act done by him or herself in good faith under this Act unless such loss or damage is due to his or her wilful misconduct, dishonesty, gross negligence or failure to comply with any provision of the Act.

Related to NAMCOL

Department means the department of natural resources.
Person means any individual, corporation, limited liability company, partnership, joint venture, association, joint-stock company, trust, unincorporated organization or government or any agency or political subdivision thereof.
Board means the Board of Directors of the Company.