statutory

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Statutory

Created, defined, or relating to a statute; required by statute; conforming to a statute.

A statutory penalty, for example, is punishment in the form of a fine, prison sentence, or both, that is imposed against an offender for committing some statutory violation.

statutory

adjective according to law, authorized, established, fixed, lawful, legal, legalized, legislative, licit, sanctioned, within the law
Associated concepts: statutory crime
See also: due, forensic, lawful, legal, legislative, legitimate, licit, regular, rightful, valid

statutory

prescribed, authorized or recognized by a STATUTE.
References in periodicals archive ?
The rating reflects the bankruptcy-remote, statutorily defined nature of the issuer, the bond structure involving a first perfected security interest in revenues that are not subject to appropriation, statutory covenants prohibiting action that would impair bondholders and New York State as collection agent, and the existence of two separately levied cash flow streams (the statutory revenues).
The Southern HSC Trust is one of five Trusts established as statutorily separate organisations within the HSC family, responsible for the delivery of responsive and effective health and care services and for the ownership and management of hospitals and other establishments and facilities.
However, the IRS had consistently argued that it could not extend (waive) the 60-day period, except in statutorily prescribed circumstances.
Certain items are statutorily excluded in determining SE net earnings, including, under Sec.
But if the project is again turned down, statutorily, "the case becomes ripe and you are defined as exhausting your remedies and you can go right to Federal court.
The total amount of debt permitted to be outstanding for this and two other programs secured by the board's loan pledge is statutorily limited to $50 million.
This is achieved by making certain statutorily prescribed adjustments to AMTI and by borrowing some earnings and profits (E&P) adjustments.
The high-risk account provides wind-only coverage to residential and commercial properties in statutorily defined coastal areas of the State.
The Western Trust is one of five Trusts established as statutorily separate organisations within the HSC family, responsible for the delivery of responsive and effective health and care services and for the ownership and management of hospitals and other establishments and facilities.
3508, which affords nonemployee status to certain statutorily defined classes of activities.
Some, I am told, including members of the panel which the POB created at the behest of Chairman Levitt, entertain the notion that the board should be established statutorily and given powers to do things it cannot currently do legally; I have fought that.
5 percent because they specifically ignored a statutorily mandated calculation of the Maximum Base Rent increase factor.