Define: Ultra Vires

UK Accounting Glossary

Definition: Ultra Vires



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Full Definition of Ultra Vires


Traditionally, the purpose of a corporation was closely spelt out in its articles of incorporation. If the corporation acted beyond its described purposes these actions were unenforceable against the corporation or by the corporation. However, most modern statutes allow corporate purposes to be any lawful activity.


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https://payrollheaven.com/define/ultra-vires/
Modern Language Association (MLA):
Ultra Vires. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. March 30, 2020 https://payrollheaven.com/define/ultra-vires/.
Chicago Manual of Style (CMS):
Ultra Vires. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/ultra-vires/ (accessed: March 30, 2020).
American Psychological Association (APA):
Ultra Vires. PayrollHeaven.com. Retrieved March 30, 2020, from PayrollHeaven.com website: https://payrollheaven.com/define/ultra-vires/

Definition Sources


Definitions for Ultra Vires are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 25th March 2020.