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overseas private investment corporation

glossary /

Overseas Private Investment Corporation. A federally chartered corporation that promotes private investment in developing countries by making or guaranteeing loans; supporting private funds that invest in foreign nations; insuring investments against political risks; and engaging in outreach activities. • It was established as an independent agency by the Foreign Affairs Reform and Restructuring Act of […]

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ultra vires

glossary /

ultra vires ([schwa]l-tr[schwa] vI-reez alsoveer-eez), adj. Unauthorized; beyond the scope of power allowed or granted by a corporate charter or by law (the officer was liable for the firm’s ultra vires actions). — Also termed extra vires. Cf. INTRA VIRES. [Cases: Corporations 370(1), 385. C.J.S. Corporations §§ 554, 567, 573, 576.] — ultra vires, adv.

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scotal

glossary /

scotal (skot-[schwa]l). Hist. An extortionary practice by which forest officers forced people to patronize the officers’ alehouses, often in exchange for the officers’ ignoring forest offenses. • This practice was prohibited in 1217 by the Charter of the Forest, ch. 7. — Also spelled scotale (skot-ayl).

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out of order

glossary /

out of order. 1. (Of a motion) not in order (the motion is out of order because it conflicts with the bylaws). See IN ORDER. • A motion may be “out of order” because it is inherently inappropriate for the deliberative assembly’s consideration at any time (e.g., because it proposes an unlawful action). A motion

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ship’s papers

glossary /

ship’s papers. Maritime law. The papers that a vessel is required to carry to provide the primary evidence of the ship’s national character, ownership, nature and destination of cargo, and compliance with navigation laws. • This evidence includes certificates of health, charterparty, muster-rolls, licenses, and bills of lading. [Cases: Shipping 5. C.J.S. Shipping § 16.]

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