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Ultra vires activities |
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Ultra vires activitiesCorporate actions and operations that are not sanctioned by corporate charter, sometimes leading to shareholder lawsuits.Ultra vires activities Similar MatchesDUP ActivitiesDUP ActivitiesDirectly Unproductive Profit-Seeking Activities Loss control activitiesLoss control activitiesActions that an insured person or company takes at the instigation of an insurance company in order to prevent accidents or losses. Directly Unproductive Profit-Seeking ActivitiesDirectly Unproductive Profit-Seeking ActivitiesActivities that have no direct productive purpose (neither increasing consumer utility nor contributing to production of a good or service that would increase utility) and are motivated by the desire to make profit, typically from market distortions created by government policies. Examples are rent seeking and revenue seeking. Term coined by Bhagwati (1982). Activities of daily livingActivities of daily livingAn insurance term which refers to the basic things that people need to be able to do in order look after themselves - e.g. wash and feed themselves. People who are not able to carry out ADLs unaided may be eligible for long term care insurance. Grandfathered activitiesGrandfathered activitiesNonbank activities, some of which would normally not be permissible for bank holding companies and foregin banks in the United States, but which were acquired or engaged in before a particular date. Such activities may be continued under the "grandfather" clauses of the Bank Holding Company Act and the International Banking Act. Further SuggestionsShort run operating activitiesPermissiable nonbank activities |
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