Ultra vires acts are any acts that lie beyond the authority of a corporation to perform. Ultra vires acts fall outside the powers that are specifically listed in a corporate charter or law. This can also refer to any action that is specifically prohibited by the corporate charter.
A tax lien certificate is a certificate of claim against a property that has a lien placed upon it as a result of unpaid property taxes.1 Tax lien certificates are generally sold to investors through an auction process.
Zacks Investment Research is an American company dedicated to the production of independent research and investment-related content. Founded in 1978 by Len Zacks, armed with his PhD from MIT, hit upon a key discovery: Earnings estimate revisions are the most powerful force impacting stock prices.