Conduct by a corporation or its officers that exceeds the powers given them by law or the corporation by-laws.
Beyond their powers. A corporation is said to act ultra vires when it exceeds the authority given it by its charter and bylaws.
This Latin phrase means beyond the powers. If an agent or a company or a public authority acts outside its powers, its action will be void and the individuals responsible may be held to account for the consequences.
The acts of a corporation are ultra vires when they are beyond the power or capacity of the corporation as granted by the state in its charter.
Beyond the powers of the corporation
beyond the legal power or authority of a person or official or body etc; "an ultra vires contract"
beyond the scope or in excess of legal power or authority
Beyond their powers. Generally applicable to excess of authority of any kind.
An act perfomed without any authority to act on the subject. An act is ultra vires when a corporation is without authority to perform it under any circumstances or for any purpose. Thus a contract made by a corporation beyond the scope of its corporate powers us unlawful.
The unauthorized acts of a corporation in violation of it certificate or charter of incorporation.
An act in excess of the authority conferred by law, and therefore invalid.
Latin - beyond legal authority or legal powers.
A legal term meaning in excess of legal power.
From the Latin, this phrase means "beyond the power." Administrative agencies and boards possess only those powers that have been delegated to them by a legislature. Thus, administrative acts that are found by a court to exceed a statutory grant of authority are null and void.
Traditionally, the purpose of a company must be stated in its memorandum of association as object clauses. If the company acted beyond its described purposes these actions were unenforceable against the company or by the company. However, it is not required to state its object clauses in its memorandum of association pursuant to an amended Ordinance at 1997.
Action that is beyond that allowed legally.
Beyond the power or scope of the corporate charter. .
Action that is beyond what is legally allowed.
An action that is outside the scope of authority of the actor.
The common law doctrine relating to the effect of corporate acts that exceed the powers or the stated purposes of a corporation. Traditionally, if a corporation acted beyond its stated purposes, the actions were unenforceable against the corporation. However, the legal strength of this doctrine has greatly diminished.
meaning literally beyond ones power, an act which is ultra vires is one which is beyond the scope of the authority that a person or organization has. Thus an agent can be ultra vires the scope of his or her agency agreement, a company can act ultra vires the objects contained in its memorandum of association and a local authority or minister can act ultra vires the powers conferred on them by legislation.
Literally, without authority. An act which is beyond the power or authority of the person or organization taking it.
A legal term literally meaning "beyond power." The acts of a corporation are "ultra vires" when they are beyond the power of the corporation as regulated by the state in which the corporation is chartered.
A somewhat outdated principle that denied corporate benefits, including the liability shield, if the corporation acted outside its stated business purposes. Seldom seen today.
an act beyond the scope of one's powers, as when a director approves the entry of a cooperative into a line of business forbidden under its articles of incorporation, or when the director on behalf of the cooperative makes a contract that is in violation of a bylaw, article of incorporation, or statute.
Outside of the law.For example, if a government official acts ultra vires, it means that they have acted outside the scope of their authority. They do not have the power or the right to do what they have done.
"Outside the powers". This is relevant when lending to corporate entities which may not be allowed to borrow under their Memorandum of Association.
An act outside the authority of a person acting. That person is responsible personally for his/her actions.
Outside the powers'. Ultra vires becomes relevant when lending to a corporate body, which may not be permitted to borrow under its Memorandum. The Companies Act 1989 enables companies to adopt ‘general trading powers', to some extent rendering ultra vires redundant.
Traditionally, the purpose of a corporation was closely spelled out in its articles of incorporation. If the corporation acted beyond its described purposes these actions were unenforceable against the corporation or by the corporation. However, most modern statutes allow corporate purposes to be any lawful activity.
Without authority. An act which is beyond the powers or authority of the person or organization which took it.
Ultra vires is a Latin phrase that literally means "beyond the power." Its inverse is called intra vires, meaning "within the power".