Examples of Ultra vires in a sentence
Binds the corporation.b. Shall not be used to impose liability on a corporate director, officer, employee, or agent.4. An emergency exists for purposes of this section if a quorum of the corporation’s directors cannot readily be assembled because of some catastrophic event.2004 Acts, ch 1049, §26, 192See also §504.207 504.304 Ultra vires.
Ultra vires pension fund actions leading to financial loss and reputational damage.
Ultra vires 96028 A decision or a regulation can be challenged if no power to make it exists in the law.
Edwards v Halliwell (Case 90) identified four exceptions: - Fraud on the minority by wrongdoers in control - Invasion of members personal rights - Ultra vires acts - Material procedural irregularities In reality, only the first of these is a true exception to Foss - the others are cases where the Rule has no application.
Bind the corporation.b. Not be used to impose liability on a corporate director, officer, employee, or agent.4. An emergency exists for purposes of this section if a quorum of the corporation’s directors cannot readily be assembled because of some catastrophic event.89 Acts, ch 288, §27 490.304 Ultra vires.