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Ultra Vires

By IncNow | Published October 19, 2013

A legal term for actions that are beyond the powers of the entity that took them, such as an invalid corporate act. This is not a common form of claim because corporate charters are often worded to encompass any purpose authorized by law. Therefore it is difficult to argue the action of a manager was outside the scope of the powers of the entity.

When deciding where to form your company, consider that Delaware has advantages over your home state that may benefit you. Go