Section 47-22-69 - Ultra vires unavailable to invalidate transfers of property.
47-22-69. Ultra vires unavailable to invalidate transfers of property. No act of a corporation and no conveyance or transfer of real or personal property to or by a corporation shall be invalid by reason of the fact that the corporation was without capacity or power to do such act or to make or receive such conveyance or transfer.
Source: SL 1965, ch 24, § 6.