- Beyond the powers. Characterizing a contract, act, or transaction of a corporation which is beyond the express or implied powers of the corporation under any circumstances or for any purpose. Randall v Mickle, 103 Fla 1229, 138 So 14, 86 ALR 804. Foreign to the nature and design of the corporation involved. 10 Am J2d Banks § 276; 19 Am J2d Corp § 963. Characterizing a contract entered into by a public body which is without power or authority to bind itself by such an agreement. 43 Am J1st Pub Wks § 13. Characterizing an act beyond the powers conferred by a franchise so substantial and continued its to amount to a clear violation of the condition upon which the franchise was granted. 36 Am J2d Franch § 54. The terms "illegality" and “ultra vires” represent totally different and distinct ideas. Whether it contract is illegal or not is determined by its quality; whether it is ultra vires or not is determined from the consideration of the powers expressly conferred upon the corporation by the instrument of its creation, together with those other powers employed in the purposes of its creation and in the powers expressly granted. 19 Am J2d Corp § 964.
Ballentine's law dictionary. Anderson, W.S.. 1998.
Look at other dictionaries:
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.Corporate lawIn corporate law, ultra vires describes acts… … Wikipedia
ultra vires — ul·tra vi·res / əl trə vī ˌrēz, u̇l trä vē ˌrās/ adv or adj [Latin, beyond the power or means (of)]: beyond the scope or in excess of legal power or authority (as of a corporation) the agency acted ultra vires the agreement was ultra vires… … Law dictionary
ultra vires — ul‧tra vi‧res [ˌʌltrə ˈvaɪriːz] adjective LAW beyond legal or official powers: • All these transactions could be declared ultra vires. • an ultra vires demand by the revenue * * * ultra vires UK US adjective LAW ► beyond the legal power or… … Financial and business terms
Ultra vires — Ul tra vi res, [Law Latin, from L. prep. ultra beyond + vires, pl. of. vis strength.] Beyond power; transcending authority; a phrase used frequently in relation to acts or enactments by corporations in excess of their chartered or statutory… … The Collaborative International Dictionary of English
ultra vires — Latin, lit. beyond powers, from vires strength, force, vigor, power, plural of vis … Etymology dictionary
ultra vires — Without authority. (Dictionary of Canadian Bankruptcy Terms) United Glossary of Bankruptcy Terms 2012 … Glossary of Bankruptcy
ultra vires — meaning ‘beyond one s legal power or authority’, is pronounced ult rǝ viy reez. and is printed in roman type … Modern English usage
ultra vires — [ul′trə vī′rēz΄] [L, lit., beyond men] beyond the legal power or authority of a person, corporation, etc … English World dictionary
ultra vires — adv. & predic.adj. beyond one s legal power or authority. Etymology: L * * * ultra vires 7 [ˌʌltrə ˈvaɪriːz] [ˌʌltrə ˈvaɪriːz] adverb (from Latin, law) beyond your legal power or author … Useful english dictionary
ultra vires — /ul treuh vuy reez/, Law. beyond the legal power or authority of a corporation, corporate officer, etc. (opposed to intra vires). [1785 95; < L ultra vires lit., beyond strength] * * * … Universalium