Ultra Vires

A Latin term meaning `Outside the powers'. Ultra vires becomes relevant when lending to a corporate body, which may not be permitted to borrow under its Memorandum. The UK Companies Act 1989 enables companies to adopt `general trading powers', to some extent rendering ultra vires redundant.

What to do if you need more help

If you need more help with your specific commercial loan, mortgage or insurance requirement please speak to a professional financial adviser.

We hope you found this information useful.

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