Ultra vires: Difference between revisions

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-A [[Latinism]] meaning ''beyond its powers'', which crops up usually in the context of a [[corporation]] or governmental authority exceeding the powers and objects set out in its [[memorandum and articles of association]] or charter. Also of some relevance also to a [[Trust]].
+{{a|latin|{{subtable|[[File:Dramatic Chipmunk.png|center|frameless]]<center>Did someone say ''[[ultra vires]]''???</center>}}}}{{ultravires capsule}}
+===[[Sovereign immunity]] and [[ultra vires]]: not the same===
-In that most valuable and intellectually rewarding pastime of checking a combatant's {{tag|capacity and authority}}, ultra vires is the principle concern should it not have the capacity to transact in your chose kind of {{tag|derivative}}. These days it is a rather old fashioned notion as far as a corporation goes — in most sensible jurisdicitons it has been partly or entirely ruled out by legislation, but it is liable to induce butterflies if one is dealing with a [[local authority]].
+{{Sovereign immunity and ultra vires}}
+===Don’t mention===
-===Don't mention===
+[[derivatives]] and [http://www.nytimes.com/1994/12/08/business/orange-county-s-bankruptcy-the-temptations-the-search-for-municipal-cowboys.html Orange County] or [[Hammersmith and Fulham council]]
-[[derivatives]] and [http://www.nytimes.com/1994/12/08/business/orange-county-s-bankruptcy-the-temptations-the-search-for-municipal-cowboys.html Orange County] or [[Hammersmith and Fulham Council]]
 {{sa}}
+*[[Capacity]]
 *{{casenote|Hazell|Hammersmith and Fulham LBC}}
 *[[Due diligence]]
 *[[indemnity]]
 *{{isdama}}
-*{{tag|Latin}}
+{{ref}}