Topic: Definition of Ultra Vires
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What is the ultra vires rule?
ultra vires (latin) refers to acting beyond one's powers i.e. with regard to what is provided for by law. delegated statutes for example are expected to be set within the constraints of the country's constitution. any by- laws that exceed t... Read More »
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What is the Ultra vires Doctrine?
what is the ultra vires doctrine? Ultra vires is a Latin phrase that literally means "beyond the powers". Its inverse is called intra vires, meaning "within the powers". It is used as a legal term in a number of common law contexts. Corpora... Read More »
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What is Ultra Vires Activities?
actions of a corporation that are not authorized by its charter and that may therefore lead to shareholder or third-party suits. See also articles of incorporation . Read More »
Source: http://www.answers.com/topic/ultra-vires-activities
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Definition of Ultra Vires
[uhl-truhvahy-reez](n.) Beyond the legal power or authority of a corporation, corporate officer, etc.
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Actions beyond the powers of a corporation, as stated in its charter, or the laws of the state where it is incorporated. These acts are not defensible in a court of law, leaving a corporation open to shareholder and third party lawsuits. Br...
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(The Latin phrase "ultra vires" is a legal term meaning "beyond the powers.") The Supreme Court originally found federal school gun laws to be unconstitutional as an ultra vires intrusion on state sovereignty. A corporation set up to benefi...
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Source: http://wiki.answers.com/Q/What_is_a_sentence_using_ultra_vires
Ultra Vires: (adj.) Latin for "beyond powers," in the law of corporations, referring to acts o...
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how can you avoid the ultra vires rule
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Ultra vires usually arises in the context of one's job. If one does something outside the scope of their authority then they have violated the terms of their employment. Why is this bad? Because it is up to the company owners to determine w...
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Source: http://answers.yahoo.com/question/index?qid=20111013101310AAyLB58
Ultra vires literarily means beyond legal capacity. In legal parlance, the concept is a common law doctine which means that a company which becomes a legal personality by virtue of its incorporation cannot carry on business beyond the objec...
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