Which of the following may be used to redress the ultra vires acts committed by a corporation?
A) A proceeding by shareholders to enjoin furthers such acts
B) A shareholder derivative suit against the directors or officers for exceeding their authority
C) A proceeding by the Attorney General of the state to enjoin the corporation from the transaction of unauthorized business
D) All of these may be used.

Question

Quizplus · Accepted Answer

All of the options listed are valid ways to redress ultra vires acts committed by a corporation. Shareholders can seek to enjoin further acts, bring a derivative suit against the directors or officers, and the Attorney General can seek to enjoin the corporation from conducting unauthorized business.

Which of the Following May Be Used to Redress the Ultra