Ultra vires refers to activities that exceed the powers granted to a person or company by law, which may result in legal penalties. Governments and individuals can sue companies for ultra vires actions, and courts and laws can also be challenged as exceeding their powers. Success of lawsuits depends on the nature of the case […]
Intra vires refers to something within the legal power of an entity or jurisdiction, while ultra vires means something outside of it. It can indicate the legality of court or law enforcement actions, jurisdictional rights, and individual or company rights. The term comes from Latin and can be used in various legal contexts. Intra vires […]
Ultra vires activities are actions taken by a company outside of its defined purpose and can lead to shareholder lawsuits or legal trouble from third parties. These actions threaten the integrity of investments and may lead to lawsuits to cease unauthorized activities. Ultra vires activities are any type of business activity or action undertaken by […]
