ultra vires[ul′trə vī′rēz′]
ultra vires definition by Webster's New World
Webster's New World College Dictionary Copyright © 2010 by Wiley Publishing, Inc., Cleveland, Ohio. Used by arrangement with John Wiley & Sons, Inc.
beyond the legal power or authority of a person, corporation, etc.
Origin: Classical Latin literally , beyond men
ultra vires - Business Definition
The American Heritage® Dictionary of Business Terms Copyright © 2010 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.
In law, activities of a business or other body that are outside the scope of its authority or charter. For example, directors of a corporation finance a merger with shares of stock that have not been authorized by shareholders.
ultra vires - Legal Definition
In excess of, or outside of powers; that which is beyond a corporation’s or an agency’s authorized power. A corporation’s ultra vires activity may lead to its forfeiting its charter of incorporation.