The financial encyclopedia uses cookies to improve your user experience. Find out more here!



 

 


 

Ultra vires
 

 

‘Beyond the powers of, used mostly with reference to limited companies, which are bound by the powers set out in their memorandum of association. Any acts not consistent with this would be void, as ultra vires, and the public would be presumed to know that this was so.


Reference: The Penguin Business Dictionary, 3rd edt.