Where a corporation is incompetent by its charter to take a title to real estate, a conveyance to it is not void, but only voidable, and the sovereign alone can object. It is valid until assailed in a direct proceeding instituted for that purpose.
The Doctrine of Ultra Vires: Illustrated and Explained by Selected Cases ... - Side 91
av George Washington Field - 1881 - 600 sider
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