Fannie Mae-No Politics (FNMA)

[Robert from yahoo bd]

ul·tra vi·res

LAW

adjective

acting or done beyond one's legal power or authority.
"at one point they argue that the legislation is ultras vires"
adverb
beyond one's legal power or authority.
"he will take action against any body acting ultra vires"

Source: Oxford Dictionary

"While the phrase "ultra vires" has been used to desig-
nate, not only acts beyond the express and implied powers
of a corporation, but also acts contrary to public policy or
contrary to some express statute prohibiting them, the
latter class of acts is now termed illegal, and the "ultra
vires" confined to the former class. In re Grand Union
Co., C.C.A.N.Y., 219 F. 353, 363; Staacke v. Routledge, 111
Tex. 489, 241 S.W. 994, 998; Pennsylvania H. Co. v. Minis,
120 Md. 461, 496, 87 A. 1062, 1072."

Source: Blacks Law Dictionary