Corporate Powers
/ˈkɔːrpərət ˈpaʊərz/
Definitions
- (n.) Legal authorities and rights granted to a corporation enabling it to act, make decisions, and enter contracts.
The board exercised the corporate powers to acquire new assets.
Forms
- corporate powers
Related terms
See also
Commentary
Corporate powers must align with the corporation's charter and applicable law; always verify scope limits when drafting or interpreting agreements.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.