The Ultra Vires Doctrine – Cyprus
The Ultra Vires Doctrine - Cyprus Meaning of Ultra Vires According to the Oxford Dictionary, ultra vires means “Beyond one’s legal power or authority”. In other words, if an act requires legal authority and it is done with such authority, it is characterized in law as intra vires ("within the powers"). If it is done without such authority, it is ultra vires. Acts that are intra vires may equivalently be termed "valid" and those that are ultra vires "invalid". Every association/company, has a memorandum which between other articles, contained the duties and the responsibilities of it directors. Why is the ultra vires important? The...
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