Delaware Code (Titles 8, 9, 25, 30)
8 Del. C. § 124 — Effect of lack of corporate capacity or power; ultra vires
No act of a corporation and no conveyance or transfer of real or personal property to or by a corporation shall be invalid by reason of the fact that the corporation was without capacity or power to do such act or to make or receive such conveyance or transfer, but such lack of capacity or power may be asserted:
Source: official text