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Powers & Duties of Corporation Directors & OfficersCT Corporation Form

Powers & Duties of Corporation Directors & OfficersCT Corporation Form

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foreign we need to begin our discussion of corporate Powers with a history lesson historically the corporate form was available only for specific types of businesses promoters and incorporators were required to narrowly define the scope of the business in the Articles of Incorporation and there were real consequences for corporations that acted outside that scope Common Law Courts developed what is known as the ultravirus doctrine the term Ultra viries which is Latin for Beyond Powers is used in corporate law to refer to situations in which a corporation has acted beyond the scope of authority permitted by law or outlined in the Articles of Incorporation the result was harsh ultravioy's acts of a corporation were deemed void

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