Exceptions of Ultavires Acts
- If any act is ultravires the directors but intravires the company, the company can ratify it.
- If the act is ultravires the article but intravires the company the articles may be altered to include the act within the power of the company.
- If the act is ultravires the company but it has been done in good faith for the benefit of the company the person will be freed from his liability.
- If the company has taken ultravires loan and uses it to pay intravires debts the company will be liable not the director. The outsiders can sue the company.
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