Any power set out in a corporation's bylaws is ultra vires.
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Ultra vires applies in Zimbabwe to the extent that businesses
that are valued at below 500,000 USD are under the ultra vires
doctrine. This is according to General Notice 280/2012.
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they are both aload of wank and a waste of time !
hope this helps :)
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Explain and illustrate the doctrines of Liftin/ Piercing the
corporate Veil Ultra Vires
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(The Latin phrase "ultra vires" is a legal term meaning "beyond the powers.")
The Supreme Court originally found federal school gun laws to be unconstitutional as an ultra vires intrusion on state sovereignty.
A corporation set up to benefit the head of a non-profit agency could be considered an ultra vires violation of its charter.