Any power expressly set out in the bylaws of a corporation is ultra vires.

Name: Any power expressly set out in the bylaws of a corporation is ultra vires.
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Question

Quizplus · Accepted Answer

Any power expressly set out in the bylaws of a corporation is considered intra vires, meaning it is within the legal authority of the corporation. However, if a corporation tries to exercise a power that is not within its legal authority, that action would be ultra vires.

Any Power Expressly Set Out in the Bylaws of a Corporation