statutory duty

Definition

Obligation of a firm's directors or officers imposed by corporate legislation, such as (1) disclosure of personal-interest contracts, (2) filing of required information with the appropriate authorities, (3) keeping of statutory books, (4) exercise of due care and skill.

Popular 'Corporate, Commercial, & General Law' Terms

statutory duty in the news

Loading...

This content can be found on the following page:

http://www.businessdictionary.com/definition/statutory-duty.html

Search for another term



Tools

statutory duty is...

... in the Corporate, Commercial, & General Law and Entrepreneurship, Management, & Small Business subjects.

Nearby Terms

Search volume for statutory duty

Browse by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z