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| capacity of corporations | |||
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legal capacity of juridical person; corporate capacity (§ 124. Effect of lack of corporate capacity or power; ultra vires. Acts of a corporation (including transfer of property) shall not be invalid by reason of the lack of capacity or power of the corporation to do such act, but such lack of capacity or power may be asserted: In a proceeding by a stockholder against the corporation to enjoin a corporate act.  simplifiedcodes.com Alexander Demidov) | |||