If a Corporation Commits an "Ultra Vires Act," Which of the Following

question 54

Multiple Choice

If a corporation commits an "ultra vires act," which of the following is not an available remedy?

• A) The shareholders may sue for an injunction prohibiting the act.
• B) The shareholders may sue the corporate officers or directors for damages.
• C) The state attorney general may bring criminal charges against the corporate officers and/or directors.
• D) The state attorney general may sue to dissolve the corporation.
• E) The corporation itself can sue its officers or directors for damages.