- = Latin: beyond the powersDenoting an act of an official or corporation for which there is no authority. The powers of officials exercising administrative duties and of companies are limited by the instrument from which their powers are derived. If they act outside these powers, their action may be challenged in the courts. A company's powers are limited by the objects clause in its memorandum of association If it enters into an agreement outside these objects, the agreement may be unenforceable, although a third party may have a remedy under the Companies Act (1985) if it was dealing with the company in good faith (or there may be other equitable remedies).
Big dictionary of business and management. 2014.
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 — 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 … Ballentine's law 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