# Alaska Stat. § 10.06.015: Defense of ultra vires

> Alaska · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_AK_T10_C10.06_S10.06.015

## Section

- **Citation:** Alaska Stat. § 10.06.015
- **Heading:** Defense of ultra vires
- **Jurisdiction:** Alaska
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** AK Code / Title 10 / Chapter 10.06 / Section 10.06.015

## Text

(a) An act of a corporation or a transfer of real or personal property to or by a corporation, otherwise lawful, is not invalid because the corporation was without capacity or power to do the act or to make or receive the transfer, but the lack of capacity or power may be asserted (1) in an action by a shareholder against the corporation to enjoin the doing of an act or the transfer of real or personal property by or to the corporation; if the unauthorized act or transfer sought to be enjoined is being, or is to be, performed or made under a contract to which the corporation is a party, the court may, if all of the parties to the contract are parties to the action, set aside and enjoin the performance of the contract, and in so doing may allow to the corporation or to the other parties to the contract, compensation as may be equitable for the loss or damage sustained by any of them from the action of the court in setting aside and enjoining the performance of the contract; however, anticipated profits to be derived from the contract may not be awarded by the court as a loss or damage sustained;

(2) in an action by or in the right of the corporation to obtain a judgment in its favor against an incumbent or former officer, director, or incorporator of the corporation for loss or damage due to that individual's unauthorized act;

(3) in an action or special proceeding by the commissioner to annul or dissolve the corporation or to enjoin it from the doing of unauthorized business.

(b) This section applies to contracts and conveyances made by foreign corporations in this state and to conveyances by foreign corporations of real property situated in this state.

## Nearby sections

- [Alaska Stat. § 10.06.005 Purposes.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T10_C10.06_S10.06.005.md)
- [Alaska Stat. § 10.06.010 General powers.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T10_C10.06_S10.06.010.md)
- [Alaska Stat. § 10.06.015 Defense of ultra vires.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T10_C10.06_S10.06.015.md)
- [Alaska Stat. § 10.06.020 Limitations on powers of shareholders, officers, and directors.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T10_C10.06_S10.06.020.md)
- [Alaska Stat. § 10.06.025 Contracts or conveyances binding domestic and foreign corporations.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T10_C10.06_S10.06.025.md)
- [Alaska Stat. § 10.06.105 Corporate name.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T10_C10.06_S10.06.105.md)
- [Alaska Stat. § 10.06.110 Reservation of corporate name.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T10_C10.06_S10.06.110.md)
- [Alaska Stat. § 10.06.115 Application for and duration of reservation of name.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T10_C10.06_S10.06.115.md)
- [Alaska Stat. § 10.06.125 Registration of corporate name.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T10_C10.06_S10.06.125.md)
- [Alaska Stat. § 10.06.130 Exclusive right to use name; remedies.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T10_C10.06_S10.06.130.md)
- [Alaska Stat. § 10.06.135 Procedure for registration of corporate name.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T10_C10.06_S10.06.135.md)
- [Alaska Stat. § 10.06.140 Fee for and duration of registered name.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T10_C10.06_S10.06.140.md)
- [Alaska Stat. § 10.06.145 Renewal of registered name.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T10_C10.06_S10.06.145.md)
- [Alaska Stat. § 10.06.150 Registered office and registered agent.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T10_C10.06_S10.06.150.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_AK_T10_C10.06_S10.06.015. Check the current official text before relying on it. Not legal advice.