Corporate Powers

Delaware GCL § 123
Powers respecting securities
of other corporations or entities

Delaware GCL § 124
Effect of lack of corporate capacity or power; ultra vires

Delaware GCL § 125
Conferring academic or honorary degrees

Delaware GCL § 126
Banking power denied

Delaware GCL § 127
Private foundation; powers and duties

Notable Cases

Intracorporate allocation of corporate powers

Specific powers

Haber v Bell (Del Ch 1983)

Hall v John S Isaacs & Sons Farms

In re Walt Disney Derivative Litigation

Hills Stores v Bozic 769 A2d 88

Consequences of stock acquisition

Lack of corporate capacity or power; effect; ultra vires

Ash v LFE (3rd Circuit 1975)

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