Tech support phone number.
Category: Definition Page 3 of 4
And for that reason the law has provided proper persons to visit, inquire into and correct all irregularities that arise in such corporations, either sole or aggregate, and whether ecclesiastical, civil or eleemosynary”. Prior to the religious revolution of the sixteenth century the pope was the visitor of the archbishops and metropolitans. In respect to all lay corporations, the founder, his heirs, or assigns are the visitors under the English system. In the various States of the American Union visitors of corporations are practically unknown; the supervision of private corporations being vested in courts of equity.
In corporate law, ultra vires describes acts attempted by a corporation that are beyond the scope of powers granted by the corporation’s objects clause, articles of incorporation or in a clause in its Bylaws, in the laws authorizing a corporation’s formation, or similar founding documents. Acts attempted by a corporation that are beyond the scope of its charter are void or voidable.
“A corporation is an artificial being, invisible, intangible, and existing only in contemplation of law. Being the mere creature of law, it possesses only those properties which the charter of its creation confers upon it, either expressly or as incidental to its very existence. These are such as are supposed best calculated to effect the object for which it was created. Among the most important are immortality, and, if the expression may be allowed, individuality ; properties by which a perpetual succession of many persons are considered as the same, and may act as a single individual. They enable a corporation to manage its own affairs, and to hold property without the perplexing intricacies, the hazardous and endless necessity of perpetual conveyances for the purpose of transmitting it from hand to hand. It is chiefly for the purpose of clothing bodies of men, in succession, with qualities and capacities, that corporations were invented, and are in use. By these means, a perpetual succession of individuals are capable of acting for the promotion of the particular object, like one immortal being.”
Naturnal, of or pertaining to New Nature. Indistinguishably interlinked with cyber.
Structured Messaging and Response Tracking System.
Associated agent action playbooks.
Abbreviated as LWF.
Princeps started out as an AI assistant, available to users accessing an open-source mode of inward reflection.