Ultra Vires Question

[SKlei]

Confused about Ultra Vires in America----I know w/ the British rule, the actions will be void, but what happens in America?

[kingofdara]

Most states have passed statutes repealing ultra vires as a defense. This is primarily to protect contractors and creditors from having otherwise legitimate business suddenly voided based on an archaic legal rule.

For example, NY BCL § 203 http://law.justia.com/codes/new-york/20 ... cle-2/203/