Examlex
In ancient times, a punishment for stealing may have been that one's hand was cut off. What is this an example of?
Ultra Vires Doctrine
A principle stating that acts performed beyond the powers or authority granted by law or under a corporate charter are void or voidable.
Authorized Conduct
Actions or behaviors that are officially approved or sanctioned by an authoritative entity.
Corporation Statutes
Laws enacted by a legislature that dictate the formation, organization, and governance of corporations.
MBCA
Stands for the Model Business Corporation Act, which is a model set of laws prepared by the Committee on Corporate Laws of the American Bar Association, guiding the governance and regulation of corporations in the United States.
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