an action or a suit that is based on a law existing now or on the violation of a particular law.

Legally mandated government appropriations not needing approval of parliament .

Method applying to local governments where they muse provide business policies and practices.

The ban that has been placed on an activity by a parliamentary act. See statute barred .

A government requirement that contractors, businesses, and fiduciaries whose work affects public interest maintain a security bond to ensure sufficient fortification in case the contract individual breaks contract.

Company registers that need to be held at its registered office . It must include list of secretaries and directors, interests of the directors and a list of shareholders.

1. The interpretation of a statute by the court.2. Principles developed for legislation interpretation by courts.

a crime that is specified law that is different from an offense that has not been declared a criminal offense .

Those created h.v statutes, as distinguished from such as are known to, or cognizable by, the common law.

Assertion of knowledge of a circumstance, fact or event that is made in a recognized way before a Commissioner of Oath, Justice of the Peace or a Notary Public .

this is the remedy of discovery that is provided in an existing statute. See bill of discovery .

Company director ‘s obligation that is imposed by corporate legislation .

An amount of loss or earnings shown on NAIC blank.

Worker treated like an employee for statutory deductions but for tax from income deductions the worker is considered to be self-employed .

the term given to the explanation in a statute of confusing or an ambiguous provision in an earlier statute.

the foreclosure of a lien on property without using a law suit but is based on existing statute.

The ordinance, bylaw or regulation that is government issued to enact or enforce a statute.

called the remedy of the interpleader that is provided by an existing statute. See interpleader.

That a body with fiduciary responsibilities is allowed by law to make.

Law operation creating an lien involuntarily. Doesn’t require consent to be enforced.

Amount of assets that need to be on hand for a customer’s of a commercial bank to get credit.

Meeting of shareholders that must be held within a set time frame under corporate legislation .

Minimum length of time needed under law for a specified notice.

The obligation created under law that doesn’t arise from a contractual relationship .

the term that is given to an offense that is created by a statute.