2024 Statutory obligation meaning

Statutory obligation meaning

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August undefined, 2024

WebDefinition of Statutory Compliance. In the Human Resources definition (payroll and taxation), statutory compliance is the legal structure within which a company must conduct itself with regards to the treatment of its employees. ... A speculated 150+ obligations are likely to arise, all thanks to the pandemic situation. Furthermore, the Central ... Webobligation noun ob· li· ga· tion ˌäb-lə-ˈgā-shən 1 : an act of making oneself responsible for doing something 2 a : something (as a promise or contract) that requires one to do something b : something one must do : duty 3 : a …

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Web1 : of or relating to statutes 2 : enacted, created, or regulated by statute a statutory age limit statutorily ˌsta-chə-ˈtȯr-ə-lē adverb Example Sentences Recent Examples on the Web … Webstatutory duty noun [ U ] LAW uk us the laws that a company, a government organization, or the members of a particular profession must obey: By charging such high prices for electricity, the company was found to be in breach of statutory duty. Hospitals have a statutory duty of care towards patients, and in this case they failed in that duty. bird bath heater trips the gfci

Statutory obligation definition and meaning - Collins …

WebJan 22, 2016 · Meaning of statutory obligation. What does statutory obligation mean? Information and translations of statutory obligation in the most comprehensive dictionary … WebDefinition & Citations: The obligation created under law that doesn’t arise from a contractual relationship. WebThe registrars had a statutory obligation to notify the magistrate of anyone who died leaving minor children. From the Cambridge English Corpus Criticism could be blunted by the plea that there was no statutory obligation, or even permission, to provide contraceptive help as a duty to the community. From the Cambridge English Corpus dallasxpreston twitter

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statutory requirement Definition Law Insider

WebStatutory obligations are required by law and refer to current laws that were passed by a state or federal government. From a cybersecurity and privacy perspective, statutory … bird bath heater wild birds unlimitedWeb1 day ago · Statutory means relating to rules or laws which have been formally written down. [formal] statutorily (stætʃʊtərɪli , US -tɔːrɪli ) adverb [ADVERB with verb] Collins COBUILD Advanced Learner’s Dictionary. Copyright © HarperCollins Publishers COBUILD … The bank has a statutory obligation to identify risks to the economy and the … Statutory definition: Statutory means relating to rules or laws which have been … Statutory meeting definition: a meeting of the shareholders of a company, which is … Obligation definition: If you have an obligation to do something, it is your duty … Culture definition: Culture consists of activities such as the arts and philosophy … Statutory order definition: a statute that applies further legislation to an existing … Statutory maternity pay definition: the maternity pay a woman is legally entitled … bird bath heaters solar power

"WebStatutory law or statute law is written law passed by a body of legislature. This is opposed to oral or customary law; or regulatory law promulgated by the executive or common law of the judiciary. [1] Statutes may originate with national, state legislatures or local municipalities . " - Statutory obligation meaning

Statutory obligation meaning

WebAn obligation that arises from law or statute as opposed to a contractual obligation. STATUTORY Relating to a statute; created or defined by a statute; required by a statute; … WebThe popular meaning of the term “obligation” is a duty to do or not to do something. In its legal sense, obligation is a civil law concept. An obligation can be created voluntarily, …

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WebStatutory Warranty means any applicable warranty required by the relevant state or territory law to be provided to you by the Selling Agent in connection with the Asset ( where applicable ). Sample 1 Sample 2 Sample 3 Based on 11 documents Statutory Warranty means a warranty specified in section 58C; Sample 1 Sample 2 Based on 2 documents WebContractual Obligations Overview. The best way to define contractual obligations is to say that they are the legal responsibilities of each party involved in a contractual agreement. In a contract, both parties will exchange an item or service of value, but certain expectations must be met in order for the exchange to be properly completed.

WebJul 13, 2016 · Compliance is an outcome of conforming to a rule. That rule may arise from an external source such as a law or regulation, or an internal source such as a policy, code or control. Compliance with these two main sources gives rise to external and internal compliance. The issue for an organisation is how to conform to these rules? WebLandlord-tenant law governs the rental of commercial and residential property. It is composed primarily of state statutes and common law. A number of states have based their statutory law on either the Uniform Residential Landlord And Tenant Act (URLTA) or the Model Residential Landlord-Tenant Code. Further, federal statutory law may be ...

WebApr 11, 2024 · statutory in American English (ˈstætʃuˌtɔri ) adjective 1. of, or having the nature of, a statute or statutes 2. fixed, authorized, or established by statute 3. declared by statute to be such, and hence legally punishable said of an offense Webster’s New World College Dictionary, 4th Edition. Copyright © 2010 by Houghton Mifflin Harcourt. Webstatutory obligation. Powered by

Webobligations. DEFINITIONS 2. 1. something that you must do for legal or moral reasons. have an obligation to someone/something: The firm has an obligation to its customers. …

WebA common definition of compliance is:'Observance of external (international and national) laws and regulations, as well as internal norms and procedures, to protect the integrity of the organization, its management and employees with the aim of preventing and controlling risks and the possible damage resulting from these compliance and ... dallas wv gas stationsWebnoun Definition of obligation 1 as in duty something one must do because of prior agreement their financial obligations keep them from giving to charities as much as they would like Synonyms & Similar Words Relevance duty responsibility need commitment promise burden requirement vow pledge imperative constraint office do pact charge … bird bath humo snp29marWebBudget authority, obligations, and outlays are related terms that describe the funds provided, committed, and used for a program or activity. Often called funding, budget authority is … dallas wv property for saleWebAug 31, 2024 · Statutory liability is a legal term that refers to holding an individual, company, or other entity accountable for an action or omission because of a related law. Companies … dallas wx3inxt projectorWeb1 something that you must do for legal or moral reasons obligation to do something: Buyers have no legal obligation to disclose personal financial information. meet/honor/fulfill an obligation: The park service has failed to fulfill its statutory obligation to the public. without (any) obligation: dallas wv homes for saleWebAug 23, 2011 · Statutory obligation is the law for a certain industry, a region or territory; for an instance we may take the example of banking industry in a country, those banks operating under statutory obligation or laws of the central bank of that country. dallas xfl footballWebJan 22, 2016 · statutory obligation. A lawful obligation that is created from a form of unity assembly, unity council, unity legislature, unity senate, unity house of representatives, … bird bath heaters reviews