MLchartDataset catalogue

Ultra vires acts

Term · Insurance and risk management · MLC-T-INS-003394

Actions taken by a corporation or its officers that exceed the scope of the powers granted to them by the corporation's charter, bylaws, or applicable law. Such acts are considered beyond the legal authority of the entity. In some jurisdictions, contracts resulting from ultra vires acts may be deemed unenforceable or subject to legal challenge.

Table 1. Record
IdentifierMLC-T-INS-003394
FieldInsurance and risk management
SubjectManagement Liability
Record as JSON 
{
  "id": "MLC-T-INS-003394",
  "term": "Ultra vires acts",
  "field": "Insurance and risk management",
  "definition": "Actions taken by a corporation or its officers that exceed the scope of the powers granted to them by the corporation's charter, bylaws, or applicable law. Such acts are considered beyond the legal authority of the entity. In some jurisdictions, contracts resulting from ultra vires acts may be deemed unenforceable or subject to legal challenge.",
  "subject": "Management Liability",
  "url": "https://mlchart.com/terminology/insurance/ultra-vires-acts/"
}

Record 3,489 of 3,708 in Insurance and risk management terminology (MLC-0106). Request the full dataset.