Authority of corporations Express corporate authority is delegated by statute. Implied corporate authority is invoked

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Authority of corporations

■■ Express corporate authority is delegated by statute.

■■ Implied corporate authority is invoked in cases in which authority not specifically granted in the articles of incorporation is required to carry out its purpose.

■■ Ultra vires acts are those in which a governing body acts beyond its expressed or implied scope of authority.

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Legal Aspects Of Health Care Administration

ISBN: 9781284231526

14th Edition

Authors: George D. Pozgar

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Question Posted: May 13, 2024 01:21 AM

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Authority of corporations Express corporate authority is delegated by statute. Implied corporate authority is invoked

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You are correct Here are some key points regarding the authority of corporations 1 Express corporate authority Express corporate authority refers to t...View the full answer

Legal Aspects Of Health Care Administration

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