Ultra Vires
Originally acts of a corporation beyond or against its charter. Now includes illegal acts. An officer of a corporation may be personally liable for an ultra vires act of the corporation.
More Real Estate Definitons
Escrow ClosingSnow FenceX-BracingGraded LeaseAccountabilityOrdinanceKeene'S CementUsufructuaryMarginal leaseMoldingHome FinancingDescriptionDedicationVaultCapacityValue In UseOn-Site ManagerBuilt-In'SExceptionMarketabilityOfficer’s deedYard LumberImprovementsWorking CapitalOn CenterInspectionWeirGAAPWaterproofYardDeciduous TreesFlip TaxVacant LandSquare YardStatuteJerry-BuiltNet After TaxesKioskReserveLoan PackageKelp-ShoreShelter Belt