Ultra vires conveyance
Defined in 1 dictionary — Case Law
Definitions from Case Law
From 218 U.S. 281 - Kerfoot v. Farmers' & Merchants' Bank · 1910Most cited · 108 citing opinions
In the absence of a clear expression of legislative intention to the contrary, a conveyance of real estate to a corporation for a purpose not authorized by its charter is not void, but voidable, and the sovereign alone can object. Neither the grantor nor his heirs nor third persons can impugn it upon the ground that the grantee has exceeded its powers.