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Ultra Vires Acts

What is 'Ultra Vires Acts'

Any act that lies beyond the authority of a corporation to perform. Ultra Vires acts fall outside the powers that are specifically listed in a corporate charter or state law. They can also be any action that is specifically prohibited by the corporate charter.

Explaining 'Ultra Vires Acts'

Ultra Vires acts can also be defined as any excessive use of corporate power that has been granted. These acts cannot be legally defended in court. They will, in fact, leave the corporation vulnerable to lawsuits by employees or other parties.


Further Reading


B. National Courts Ultra vires review of the ECB's policy of quantitative easing: An analysis of the German Constitutional Court's preliminary reference order in the …
kluwerlawonline.com [PDF]
… The precarious judicial dialogue about the legal limits on actions of the European Central Bank … 41. The Act of Assent only contains the statement that the Bundestag assents to the … programme and the PSPP to contravene EU primary law and, hence, to constitute ultra vires acts …

Protecting small savers: The political economy of economic securityProtecting small savers: The political economy of economic security
muse.jhu.edu [PDF]
… The precarious judicial dialogue about the legal limits on actions of the European Central Bank … 41. The Act of Assent only contains the statement that the Bundestag assents to the … programme and the PSPP to contravene EU primary law and, hence, to constitute ultra vires acts …

Don't Act Beyond Your Powers: The Perils and Pitfalls of the German Constitutional Court's Don't Act Beyond Your Powers: The Perils and Pitfalls of the German Constitutional Court's
www.cambridge.org [PDF]
… The precarious judicial dialogue about the legal limits on actions of the European Central Bank … 41. The Act of Assent only contains the statement that the Bundestag assents to the … programme and the PSPP to contravene EU primary law and, hence, to constitute ultra vires acts …

Rise and fall of the ultra vires doctrine in United States, United Kingdom, and Commonwealth Caribbean Corporate Common Law: A triumph of experience over logicRise and fall of the ultra vires doctrine in United States, United Kingdom, and Commonwealth Caribbean Corporate Common Law: A triumph of experience over logic
heinonline.org [PDF]
… The precarious judicial dialogue about the legal limits on actions of the European Central Bank … 41. The Act of Assent only contains the statement that the Bundestag assents to the … programme and the PSPP to contravene EU primary law and, hence, to constitute ultra vires acts …

The European economic constitution and its transformation through the financial crisisThe European economic constitution and its transformation through the financial crisis
papers.ssrn.com [PDF]
… The precarious judicial dialogue about the legal limits on actions of the European Central Bank … 41. The Act of Assent only contains the statement that the Bundestag assents to the … programme and the PSPP to contravene EU primary law and, hence, to constitute ultra vires acts …

The economics of the private finance initiativeThe economics of the private finance initiative
academic.oup.com [PDF]
… The precarious judicial dialogue about the legal limits on actions of the European Central Bank … 41. The Act of Assent only contains the statement that the Bundestag assents to the … programme and the PSPP to contravene EU primary law and, hence, to constitute ultra vires acts …

The European economic constitution and its transformation through the financial crisisThe European economic constitution and its transformation through the financial crisis
onlinelibrary.wiley.com [PDF]
… The precarious judicial dialogue about the legal limits on actions of the European Central Bank … 41. The Act of Assent only contains the statement that the Bundestag assents to the … programme and the PSPP to contravene EU primary law and, hence, to constitute ultra vires acts …

This time, it is not different: The persistent concerns of financial macroeconomicsThis time, it is not different: The persistent concerns of financial macroeconomics
books.google.com [PDF]
… The precarious judicial dialogue about the legal limits on actions of the European Central Bank … 41. The Act of Assent only contains the statement that the Bundestag assents to the … programme and the PSPP to contravene EU primary law and, hence, to constitute ultra vires acts …

Critical Corporate Governance and the Demise of the Critical Corporate Governance and the Demise of the
journals.sagepub.com [PDF]
… The precarious judicial dialogue about the legal limits on actions of the European Central Bank … 41. The Act of Assent only contains the statement that the Bundestag assents to the … programme and the PSPP to contravene EU primary law and, hence, to constitute ultra vires acts …



Q&A About Ultra Vires Acts


What is the Latin phrase "Ultra Vires" used in law?

Ultra vires is a Latin phrase that means "beyond the powers."

When are acts considered to be ultra vires?

Acts attempted by a corporation that are beyond the scope of its charter are considered to be ultra vires.

What are some examples of acts that could be considered ultra vires acts?

Some examples include paying employees more than what was agreed upon, or buying out another company without approval from shareholders.

What does this doctrine not apply to?

This doctrine does not apply to non-profit corporations, municipal corporations, or other business corporations.

How can you define an ultra vires act?

An ultra vires act can be defined as any excessive use of corporate power that has been granted.

Are all actions by a corporation considered to be within its rights?

No, there are many actions that lie outside the powers specifically listed in the corporate charter or state law. These will fall under the category of an Ultra Vires Act.

What is an ultra vires act?

An ultra vires act is any action that lies beyond the authority of a corporation to perform.

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