 The doctrine of ultra vires, by which a contract made by a corporation beyond the scope of its corporate powers is unlawful and void and will not support an action, rests, as this court has often recognized and affirmed, upon three distinct grounds :...  Cases on Restraint of Trade - Page 1134by Bruce Wyman - 1903Full view - About this book
 | Law reports, digests, etc - 1897 - 1036 pages
...very terms of the statute from which the association assumed to derive Its power to execute the lease. The doctrine of ultra vires, by which a contract made...the scope of Its corporate powers Is unlawful and э void, and will not support an action, rests, g as this court'has often recognized and af-» firmed,... | |
 | United States. Supreme Court - Law reports, digests, etc - 1889 - 786 pages
...stockholders in subscribing for the stock. 3d. The obligation of every one, entering into a contract with a corporation, to take notice of the legal limits of its powers. These three reasons are clearly brought out in the unaniOpinion of the Court. mous judgment of this... | |
 | United States. Supreme Court - Law reports, digests, etc - 1890 - 1182 pages
...stockholders in subscribing for the stock. 3d. The obligation of every one, entering into я contract with a corporation, to take notice of the legal limits of its powers. These three reasons are clearly brought out in the unanimous judgment of this court, delivered by Mr.... | |
 | Railroad law - 1897 - 854 pages
...maintained upon them in the courts, a "d this upon three distinct grounds: The obligation of every one contracting with a corporation to take notice of the legal limits of its powers; the interests of the stockholders not to be subjected to risks which they To which may be added the following... | |
 | International Correspondence Schools - Contracts - 1903 - 636 pages
...upon them in the courts. This statement is based upon these reasons; (1) The obligation of everyone contracting with a corporation to take notice of the legal limits of its powers; (2) the interest of the stockholders not to be subjected to risks that they have never undertaken;... | |
 | Horace La Fayette Wilgus - Corporation law - 1902 - 1056 pages
...stockholders in subscribing for the stock. 3d. The obligation of every one, entering in a contract with a corporation, to take notice of the legal limits of its powers. These three reasons are clearly brought out in the unanimous judgment of this court, delivered by Mr.... | |
 | William Alexander Kerr - Insurance law - 1902 - 936 pages
...the stockholders in subscribing for stock. "(3) The obligation of every one entering into a contract with a corporation to take notice of the legal limits of its powers."82 There is however a distinction between the exercise by a corporation of a power not conferred... | |
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