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Business Associations

Corporate Powers and Liabilities

Corporate Powers and Liabilities

Learn about corporate powers and liabilities with a look at corporate power and the ultra vires doctrine historically and today, as well as the powers granted to corporations under modern statutory schemes.


Welcome to our fourth installment on the creation and organization of corporations. The focus of this clip is the powers and liabilities of corporations. Let’s get started.

We’ll begin our discussion with a bit of a history lesson on corporate powers and the ultra vires doctrine. Next, we’ll take a look at how corporate powers and ultra vires acts are viewed today. Finally, we’ll turn to the powers specifically granted to corporations under modern corporations statutes. By the time you’ve...