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.
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.
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.
The increase is the result of thetiming of the vesting of certain stock options granted during the three months ended June 30, 2020 and in prior periods.