Section 47-22-72 - Circumstances under which ultra vires may be asserted--Actions by attorney general to dissolve or enjoin corporation

47-22-72. Circumstances under which ultra vires may be asserted--Actions by attorney general to dissolve or enjoin corporation.Notwithstanding §47-22-69, the fact that a corporation is without capacity or power to do an act or to make or receive a conveyance or transfer of real or personal property may be asserted in a proceeding by the attorney general, as provided in chapter 47-26, to dissolve the corporation, or in a proceeding by the attorney general to enjoin the corporation from performing unauthorized acts, or in any other proceeding by the attorney general. Source: SL 1965, ch 24, §6 (3).