The gradual erosion of the ultra vires doctrine in English company law
International Journal of Law and Management
ISSN: 1754-243X
Article publication date: 2 September 2014
Abstract
Purpose
The purpose of this paper is to discuss the doctrine of ultra vires and its development over time, which is claimed to be one of gradual erosion.
Design/methodology/approach
This paper discusses the doctrine of ultra vires and its development overtime, which is claimed to be one of gradual erosion.
Findings
It shows how the abolition of the objects clause has signalled the end of ultra vires. Today, it remains nothing more than a ghost, but one which continues to haunt management.
Originality/value
It builds on existing research literature.
Keywords
Citation
Nyombi, C. (2014), "The gradual erosion of the
Publisher
:Emerald Group Publishing Limited
Copyright © 2014, Emerald Group Publishing Limited