Ultra Vires

Knowledge Center





Summary, forum, best practices, expert tips and information sources.

 

What is Ultra Vires? Meaning.

Ultra Vires is a Latin phrase that literally means "beyond the power." The acts of a corporation are ultra vires when they are beyond the power or capacity of the corporation as granted by its Corporate Charter, the laws authorizing its formation, or similar founding documents.


Acts attempted by a corporation that are beyond the scope of its charter are void or voidable. Even though dicta supporting the view that ultra vires acts were totally void appeared in many cases, most courts actually adopted the view that such acts were voidable rather than void.


Several modern developments relating to corporate formation have limited the probability that ultra vires acts will occur. Except in the case of non-profit corporations (including municipal corporations), this legal doctrine is obsolescent. Within recent years, almost all business corporations are chartered to allow them to transact any lawful business.


Ultra Vires Special Interest Group


Special Interest Group (4 members)

Forum about Ultra Vires  

The most recent topics about: Ultra Vires.



Best Practices about Ultra Vires

Here you will find the most valuable ideas and practical suggestions.


Expert Tips about Ultra Vires

Here you will find professional advices by experts.


Information Sources about Ultra Vires

Here you will find powerpoints, videos, news, etc. to use in your own lectures and workshops.



Compare with: Corporate Governance  |  Corporate Charter

Special Interest Group Leader

Are you an expert in Ultra Vires? Sign up for free

Link to this knowledge center

Copy this code to your web site:

 
 

Return to Management Hub: Decision-making & Valuation  |  Ethics & Responsibility  |  Finance & Investing


More on Management  |  Return to Management Dictionary  | 

 

This ends our Ultra Vires summary and forum.



About 12manage | Advertising | Link to us / Cite us | Privacy | Suggestions | Terms of Service
2020 12manage - The Executive Fast Track. V15.6 - Last updated: 27-9-2020. All names of their owners.