Ultra vires activities

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Ultra vires activities

Corporate actions and operations that are not sanctioned by corporate charter, sometimes leading to shareholder lawsuits.

Ultra Vires Activities

Activities in which a publicly-traded company engages that are outside the powers delegated to it in its charter and/or bylaws. Every publicly-traded company has a charter and bylaws, which both outline the powers of executives and the board of directors and actions they are allowed to take. While both the charter and the bylaws can be amended by shareholders, companies sometimes take actions outside the scope of their charters without first receiving permission to do so. If shareholders deem ultra vires activities to be harmful to them or to have the potential of harm, they may sue the company for damages.
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References in classic literature ?
As Tarzan grew he made more rapid strides, so that by the time he was ten years old he was an excellent climber, and on the ground could do many wonderful things which were beyond the powers of his little brothers and sisters.
The question exasperated Pete beyond the powers of endurance.
To communicate his plan to the apes was not a particularly difficult matter, though their narrow and limited vocabulary was strained in the effort; but to impress upon the little, wicked brain of Sheeta that he was to hunt with and not for his legitimate prey proved a task almost beyond the powers of the ape-man.
We now had but to pass through the balance of the Band-lu territory and that of the Kro-lu to be within the confines of her own land; but that meant traversing thirty-five miles of hostile country filled with every imaginable terror, and possibly many beyond the powers of imagination.
Her eyebrows were full, even, and arched beyond the power of art to imitate.
There is something crucial, and something triumphant, not beyond the power, but hitherto beyond the imagination of men in this effect, which is not solicited, not forced, not in the least romantic, but comes naturally, almost inevitably, from the make of man.
But to forget what had happened, or to feel satisfied with my position, was beyond the power of my will.
My longing was beyond the power of opposition; I closed my eyes, stretched out my arms toward the god of my vocation and felt myself drawn with the suddenness of thought through the trackless immensity of space.
So quickly had they worked and to such good purpose, that I was utterly beyond the power to resist them by the time I was fully awake.
But in Europe everywhere except in the mountains, the water is flat and insipid beyond the power of words to describe.
He gave the shrug of his country - that delicate gesture which is done almost entirely with the back - a subtlety beyond the power of British shoulders.
Yes," continued the duke, "really, I feel bored today beyond the power of description.