Ultra Vires

Business, Legal & Accounting Glossary

Definition: Ultra Vires

Quick Summary of Ultra Vires

Latin for “beyond powers.” It refers to conduct by a corporation or its officers that exceeds the powers granted by law.

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.

Cite Term

To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
Modern Language Association (MLA):
Ultra Vires. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. September 28, 2021 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: September 28, 2021).
American Psychological Association (APA):
Ultra Vires. PayrollHeaven.com. Retrieved September 28, 2021, 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: 22nd April, 2020 | 6 Views.