Statutory trust is a term used in law that defines a trust set up for business purposes. The trust concerns agreements between properties and businesses.
As a statutory body has been created by statute (Act of Parliament, in the UK), it has an officially recognised status. Typically, a statutory body may be a part of national or local government, or a QUANGO. Some charities, such as the National Trust, are not statutory bodies, but they have certain powers delegated to them, so that they can make their own bye-laws.
Statutory Body
what is the difference between statutory audit and non statutory audit.
statutory expenses
What is statutory inducements
A statutory body deals with written law; non-statutory deals with implied law.
what is statutory fund
There is no statutory lending ratio.
==One Answer== There is no textbook definition for a "statutory estate" in the U.S. Perhaps you are referring to the statutory right of a spouse to waive the will and take a statutory share of the estate instead.
what are the statutory reserves of a company?
legal and non legal
statutory agencies are supported by the government such as schools, where as voluntary agencies have to support them selves e.g charities.