47-22-69. Ultra vires unavailable to invalidate transfers of property.
49 words·~1 min read·
/sd/title-47/chapter-47-22/47-22-69·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
No act of a corporation and no conveyance or transfer of real or personal property to or by a corporation shall be invalid by reason of the fact that the corporation was without capacity or power to do such act or to make or receive such conveyance or transfer.