Section 150: Effect on third parties
consolidated text (as at 2018, amended since). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.
150. Effect on third parties
The avoidance of a transaction under section 149 shall not affect the title
or interest of a person in or to property which that person has acquired
where the property was acquired—
(a) from a person other than the company;
(b) for valuable consideration; and
(c) without knowledge of the circumstances of the transaction under which the person referred to in paragraph (a) acquired the
property from the company.
[Issue 10] C35 – 96
Revised Laws of Mauritius
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Questions this section answers
- Does avoiding a director's tainted transaction affect an innocent buyer's property rights?