statutory requirement definition

statutory requirement

Approval, license, permit, etc., required for engaging in certain activity (such as land development, mineral or oil exploration, sale of securities) under its ruling legislation.

Legally mandated requirement that must be complied with by the party to which it applies.

statutory requirement is in the Corporate, Commercial, & General Law subject.

statutory requirement appears in the definitions of the following terms: codes, construction inspector, stock exchange, administrative dissolution, listing requirements, striking off, compliant, corporation act and non-executive director

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