47-22-71. Circumstances under which ultra vires may be asserted--Actions by corporation against officers or directors.
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/sd/title-47/chapter-47-22/47-22-71·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Notwithstanding § 47-22-69 , the fact that a corporation was without capacity or power to do an act or to make or receive a conveyance or transfer of real or personal property may be asserted in a proceeding by the corporation, whether acting directly or through a receiver, trustee, or other legal representative, or through members in a representative suit, against the officers or directors of the corporation for exceeding their authority.