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Statutory Liability is a legal term indicating the liability of a party who may be held responsible for any action or omission due to a related law that
Statutory_liability
common law, statutory law, or both. Common law liability arises from negligence, breach of contract, and fraud. Statutory law liability is the obligation
Legal liability of certified public accountants
Legal_liability_of_certified_public_accountants
US form of a private limited company
A limited liability company (LLC) is a United States-specific form of a private limited company. It is a business structure that can combine the pass-through
Limited_liability_company
American business structure
while offering liability protection similar to that of a Limited liability company or Partnership. Since the year 2000, Delaware statutory trusts have increasingly
Delaware_statutory_trust
Element of the British Army
Regular Reserve whose members are ex-regular personnel who retain a statutory liability for service. Descended from the Territorial Force (1908 to 1921)
Army_Reserve_(United_Kingdom)
Sexual activity with a person under the age of consent
(Southwestern University School of Law Professor of Law). "On Statutory Rape, Strict Liability, and the Public Welfare Offense Model" (Archive). American
Statutory_rape
Criminal liability for which mens rea need not be proven along with actus reus
Where the liability arises under a statute, there has been considerable inconsistency, with different rules of construction in statutory interpretation
Strict_liability_(criminal)
Indian political jargon
In India, the Statutory liquidity ratio (SLR) is the Government term for the reserve requirement that commercial banks are required to maintain in the
Statutory_liquidity_ratio
Business structure where shareholders cannot owe more than their stake in a venture
Limited liability is a legal status in which a person's financial liability is limited to a fixed sum, most commonly the value of a person's investment
Limited_liability
Partnership in which some or all partners have limited liabilities
A limited liability partnership (LLP) is a partnership in which some or all of the partners have limited liability. An LLP is the partnership form of a
Limited_liability_partnership
Component of the military reserve of the British Armed Forces
Regular Reserve largely consists of ex-Regular personnel who retain a statutory liability for service and are liable to be recalled for active military duty
Regular Reserve (United Kingdom)
Regular_Reserve_(United_Kingdom)
manager below board level.’ Liability for wrongful trading is imposed by s. 214 of the Insolvency Act 1986. The statutory liability is imposed exclusively
Re_Hydrodan_(Corby)_Ltd
infringing acts carried out by another party. The US has statutorily codified secondary liability rules for trademarks and patents, but for matters relating
Secondary_liability
Combined military forces of the United Kingdom
Other Personnel. In addition, all ex-Regular personnel retain a "statutory liability for service" and are liable to be recalled (under Section 52 of the
British_Armed_Forces
Type of liability in tort law
Premises liability (known in some common law jurisdictions as occupiers' liability) is the liability that a landowner or occupier has for certain torts
Premises_liability
Indian electronics manufacturer
the corporate debt restructuring scheme. The amount was to pay statutory liabilities, unsecured, pressing creditors, dealers, credit balances, employee
BPL_Group
Legal claim of civil wrong
necessarily statutory. As another example, in England common law liability of a landowner to guests or trespassers was replaced by the Occupiers' Liability Act
Tort
Association or collection of individuals
common legal features, such as a separate legal personality, limited liability, transferable shares, investor ownership, and a managerial hierarchy.
Company
Responsibility for consequences from activity despite absence of fault or criminal intent
In criminal and civil law, strict liability is a standard of liability under which a person is legally responsible for the consequences flowing from an
Strict_liability
Corporation with legal personhood directly created by the state
A statutory corporation is a corporation created by statute. Their precise nature varies by jurisdiction, but their powers are defined in, and controlled
Statutory_corporation
Mutual liability arrangement in European banking
That text stipulates in particular that an IPS is a "contractual or statutory liability arrangement which protects those institutions [which form it] and
Institutional protection scheme
Institutional_protection_scheme
Auditor when appointed as mandated by law
21 August 2013. "Green Paper: The Role, The Position and the Liability of the Statutory Auditor Within the European Union" (PDF). European Union. Retrieved
Statutory_auditor
Company with few, if any, actual assets or operations
company that provides incorporation services, and which may act as the statutory agent (also known as registered agent or resident agent) for receipt of
Shell_corporation
Someone designated to receive service of process in a legal action
States business law, a registered agent (also known as a resident agent, statutory agent, or agent for service of process) is a business or individual designated
Registered_agent
Business entity in U.S. commercial law
The limited liability limited partnership (LLLP) is a relatively new modification of the limited partnership. The LLLP form of business entity is recognized
Limited liability limited partnership
Limited_liability_limited_partnership
Publicly traded limited liability company
company law, some Commonwealth jurisdictions, and Ireland. It is a limited liability company whose shares may be freely sold and traded to the public (although
Public_limited_company
Passenger rail crash in the United States
2015, the date of the Philadelphia derailment. If the ARAA imposed statutory liability limit proves insufficient to cover all damages and it is not raised
2015 Philadelphia train derailment
2015_Philadelphia_train_derailment
Business organization in which parties cooperate in an endeavor
limited partnerships and limited liability partnerships. Although the federal government does not have specific statutory law for establishing partnerships
Partnership
Type of legal entity
(German: [ɡəˈzɛlʃaft mɪt bəˌʃʁɛŋktɐ ˈhaftʊŋ]; lit. 'company with limited liability') is a type of legal entity in German-speaking countries. It is an entity
GmbH
Regulates corporations formed under the Companies Act
liabilities, and therefore does not include delictual or statutory liability. The name of a personal liability company ends with the designation, "Incorporated"
South_African_company_law
corporations, cooperatives, charities, partnerships, sole traders and limited liability companies, although not all of these may be legal entities in all jurisdictions
List of legal entity types by country
List_of_legal_entity_types_by_country
Business entity owned by shareholders
(possession of legal personality separate from shareholders) and limited liability (shareholders are liable for the company's debts only to the value of
Joint-stock_company
Area of law in which product manufacturers are held responsible for damages caused
Product liability is the area of law in which manufacturers, distributors, suppliers, retailers, and others who make products available to the public
Product_liability
Type of corporation
A company limited by guarantee (CLG) is a type of company where the liability of members in the event the company is wound up is limited to a (typically
Company_limited_by_guarantee
Organization engaged in commerce or industry
the owner liable for debts the business has acquired except for limited liability company. The taxation system for businesses is different from that of
Business
Type of business entity
In a limited company, the liability of members or subscribers of the company is limited to what they have invested or guaranteed to the company. Limited
Limited_company
Form of partnership
limited liability as a result of compliance with statutory requirements. Like many other jurisdictions, the partners who enjoy such limited liability are
Limited_partnership
Laws that create liability for business entities
safety issues). Under this approach, the wording of a statutory offence specifically attaches liability to the corporation as the principal or joint principal
Corporate_liability
Legal entity incorporated through a legislative or registration process
by local authorities and their shares are owned by shareholders, whose liability is generally limited to their investment. One of the attractive early
Corporation
Limitations in lawsuits
malpractice may create moral hazard as healthcare professionals face reduced liability. Consequently, the implementation of non-economic damages caps and decisions
Non-economic_damages_caps
Legal concept meaning powers are exceeded
doctrine of ultra vires in relation to companies by statute. Similarly, statutory and governmental bodies may have limits upon the acts and activities which
Ultra_vires
Legal term for compensation awarded for loss or injury
foreseen that someone might be hurt by their actions, there may be no liability. This rule does not usually apply to intentional torts (for example, tort
Damages
Company with limited liability established under Japanese law
with capital of over ¥500m, liabilities of over ¥2bn and/or publicly traded securities are required to have three statutory auditors, and must also have
Kabushiki_gaisha
Type of company in the Francophone world and Alberta, Canada
corporation where the liability of the members does not extend beyond the capital already contributed. Because of its limited liability and separate legal
Société à responsabilité limitée
Société_à_responsabilité_limitée
Temporary rescission of corporate personhood
decision to treat the rights or duties of a corporation as the rights or liabilities of its shareholders. Usually a corporation is treated as a separate legal
Piercing_the_corporate_veil
Standard of care before entering into a contract with another party
"reasonable investigation". Under Section 11b3, a person could avoid liability for an untrue statement of a material fact if they had, "after reasonable
Due_diligence
Evasion of liability by deception was formerly a statutory offence in England and Wales and Northern Ireland. This offence was created by the Theft Act
Evasion of liability by deception
Evasion_of_liability_by_deception
United Kingdom tax law concept
An extra-statutory concession (or ESC) is a concept under United Kingdom tax law whereby HM Revenue and Customs grants certain concessions to taxpayers
Extra-statutory_concession
Court case linking atmospheric toxic waste and birth defects
Borough Council liable in negligence, public nuisance and a breach of statutory duty for its reclamation of a Corby Steelworks in the town of Corby, Northamptonshire
Corby_toxic_waste_case
English tort law case
effects, then no action could be brought." Darling, CR (July 1889). "Statutory Liability for Causing Death". American Law Register: 387–388 – via The University
Read_v_Great_Eastern_Railway
Notion that corporations can have some legal rights, responsibilities and accountability
to hold property, enter into contracts, and to sue or be sued. Limited liability is said to be a privilege conferred by the state as a result of act of
Corporate_personhood
Type of company used in many jurisdictions
having a private limited company is that there is limited liability. In Albania, a limited liability company (Albanian: Shoqëri me përgjegjësi të kufizuar
Private_limited_company
Company where shareholders/members have unlimited legal liability
(and similar to its limited company counterpart) but where the legal liability of the members or shareholders is not limited: that is, its members or
Unlimited_company
Business legally synonymous with its owner
doctrine of respondeat superior (Latin: "let the master answer"), the legal liability for any business decision arising from such a contribution remains with
Sole_proprietorship
The Pinkerton liability rule was pronounced by the Supreme Court of the United States in Pinkerton v. United States, in 1946. Walter and Daniel Pinkerton
Pinkerton_liability
Aspect of tax law
base: inclusive and exclusive. A statutory tax rate is the legally imposed rate. An income tax could have multiple statutory rates for different income levels
Tax_rate
several other strict liability sexual offenses when the complainant is under 16, but 13 years old or older. § 3122.1. Statutory sexual assault. Except
Age of consent in the United States
Age_of_consent_in_the_United_States
Judicial interpretation of statutory law
Statutory interpretation is the process by which courts interpret and apply legislation. Some amount of interpretation is often necessary when a case
Statutory_interpretation
a statutory, strict liability regime. The Liability for Defective Products Act, 1991 was enacted pursuant to the EC Directive on Product Liability 85/374/EEC
Product liability in the Republic of Ireland
Product_liability_in_the_Republic_of_Ireland
Liability inherited by a successor entity
enforcement. Other countries have comprehensive statutory frameworks that address successor liability. Still others rely on established jurisprudence
Successor_liability
private liability in tort were described by Lord Browne Wilkinson in X v Bedfordshire County Council [1995] 3 All ER 353 (HL). 1. Breach of a statutory duty
Administrative liability in English law
Administrative_liability_in_English_law
the limited liability limited partnership (LLLP), the Series LLC, and the limited company (LC). The proprietary limited company is a statutory business form
Business_organizations
Company with multiple isolated portfolios
holding company. In some jurisdictions, separation of liability is achieved by different statutory mechanisms. For example, Barbados allows the formation
Segregated_portfolio_company
US tax term for a type of company
income tax, is a closely held corporation (or, in some cases, a limited liability company (LLC) or a partnership) that makes a valid election to be taxed
S_corporation
Court case in California
action" as alternative counts setting forth plaintiff's theory of statutory liability. The purpose of that theory is manifestly to raise a presumption
Landeros_v._Flood
In US law whereby an act is considered negligent as it violates a statute (or regulation)
regulation). The doctrine is effectively a form of strict liability. Negligence per se means greater liability than contributory negligence. In order to prove negligence
Negligence_per_se
Large company involved in many industries
Limited liability company (LLC) Low-profit LLC Series LLC Limited liability limited partnership (LLLP) S corporation Delaware corporation / statutory trust
Conglomerate_(company)
State of pension system
growth of unfunded pension liabilities, noting the appropriations were "grossly insufficient" and "below mandatory statutory requirements." Throughout
Illinois_pension_crisis
Body of law that governs businesses
in a manner similar to a person) Limited liability of the shareholders (a shareholder's personal liability is limited to the value of their shares in
Corporate_law
Company that offers its securities for sale to the general public
Stock exchange cooperative Statutory corporation Publicly unlisted company Regulatory agency Statutory authority Statutory corporation Success trap United
Public_company
Type of business entity
jurisdictions, or the Republic of Ireland. It has shareholders with limited liability and its shares may not be offered to the general public, unlike those
Private company limited by shares
Private_company_limited_by_shares
Barge known for sinking (1970) and refloating (1996)
the defendants (the barge's owners and charterers) based on the statutory liability of an "owner" under subsection 677(1) of the Canada Shipping Act
Irving_Whale
Bank holding into and from which money can be placed or withdrawn
recorded in a bank's books, and the resulting balance is recorded as a liability of the bank and represents an amount owed by the bank to the customer
Deposit_account
Type of corporation in countries that mostly employ civil law
Capital Variable (S. de R.L. de C.V.), which is analogous to the limited liability company. Spółka Akcyjna ("Joint-stock company") in Polish Societate pe
S.A._(corporation)
общество с ограниченной ответственностью, lit. 'partnership with limited liability', abbreviated OOO), joint-stock companies (Russian: акционерное общество
Types of business entity in Russia
Types_of_business_entity_in_Russia
Constitution of a corporation
incorporated, or other company registrar. An equivalent term for limited liability companies (LLCs) in the United States is articles of organization. The
Articles_of_association
can trigger civil, or possibly criminal, penalties. Statutory interpretations of criminal liability provisions have historically been more narrowly construed
Criminal copyright law in the United States
Criminal_copyright_law_in_the_United_States
Type of business entity in German-speaking countries
form in their name, in order to inform the public of the limits on their liability,[clarification needed] all German (required by § 4 Aktiengesetz) and Austrian
Aktiengesellschaft
Club owned an interest. The statutory liability created by the Act was clear to the Court, and hence there was liability on the part of the NBEPC to pay
List of New Brunswick case law
List_of_New_Brunswick_case_law
Type of a limited liability company
limited liability company that provides liability protection across multiple "series" each of which is theoretically protected from liabilities arising
Series_LLC
German name for a limited partnership business entity
general partners (Komplementär) with unlimited liability and limited partners (Kommanditisten) whose liability is restricted to their fixed contributions
Kommanditgesellschaft
Type of business entity
business structure that has at least one shareholder and up to 50, where the liability of shareholders is limited to the value of shares. Its counterparts include
Proprietary_company
Social insurance in Germany
German Statutory Accident Insurance or workers' compensation is among the oldest branches of German social insurance. Occupational accident insurance
German Statutory Accident Insurance
German_Statutory_Accident_Insurance
1933 United States Supreme Court case
legislated against the practice. Thus California enacted that the statutory liability of stockholders should apply to those in foreign as well as in domestic
Louis_K._Liggett_Co._v._Lee
Legal obligation of property owners in England and Wales
Chancel repair liability is a legal obligation on a small number of property owners in England and Wales to pay for certain repairs to a church, often
Chancel_repair_liability
UK company using their profits and assets for the public good
They enjoy the flexibility and certainty of the company form, but with statutory provisions to ensure they are working for the benefit of the community
Community_interest_company
In criminal law, the "guilty mind"
Ann. § 6.02(e) Model Penal Code § 2.05 "Absent statutory language expressly imposing absolute liability, the states of mind denominated in HRS § 702–204
Mens_rea
Act of Parliament of the United Kingdom
The Safety of Sports Grounds Act 1975 is an Act of the Parliament of the United Kingdom which allows the Secretary of State for Digital, Culture, Media
Safety of Sports Grounds Act 1975
Safety_of_Sports_Grounds_Act_1975
Legal form of business entity in the US
A low-profit limited liability company (L3C) is a legal form of business entity in the United States. Commonly referred to as a hybrid structure, it has
Low-profit limited liability company
Low-profit_limited_liability_company
Type of legal entity
creditors, limited liability, and an entity form that is similar to foundations found in Civil Law countries. A Wyoming Statutory Foundation is capable
Statutory Foundation (United States)
Statutory_Foundation_(United_States)
Legal process to create a new corporation
partners are personally and jointly responsible for all of the legal liability of a business such as loans, accounts payable, and legal judgments. In
Incorporation_(business)
Statute governing corporate law in Delaware
counsel greater guidance on matters of corporate governance and transaction liability issues. Disputes over the internal affairs of Delaware corporations are
Delaware General Corporation Law
Delaware_General_Corporation_Law
Malaysian civil service pension management body
(Incorporated) (Malay: Kumpulan Wang Persaraan (Diperbadankan); KWAP) is a statutory body which manages the pension scheme for Malaysia's public employees
Retirement Fund (Incorporated)
Retirement_Fund_(Incorporated)
Insurance for road vehicles
damage or bodily injury resulting from traffic collisions and against liability that could also arise from incidents in a vehicle. Vehicle insurance may
Vehicle_insurance
Type of business entity in Finland
"Articles of Association". Finnair. Retrieved 3 September 2024. A 19th century history of the limited liability company in Finland (in Finnish and English)
Osakeyhtiö
Company that owns other companies' outstanding stock
companies may soon be unable to claim immunity from their subsidiary's liabilities". Financial Post. Archived from the original on 3 August 2019. Retrieved
Holding_company
Proposed law on digital replicas
for licensing digital replicas, including provisions for liability, safe harbors, and statutory exceptions. The proposal has received broad support from
No_Fakes_Act
Form of insurance
establish that their employer has a legal liability to pay compensation. This will principally be a breach of a statutory duty or under the tort of negligence
Workers'_compensation
Swedish form of limited company or corporation
Archived 2009-12-29 at the Wayback Machine. In Information about limited liability company Archived 2008-09-24 at the Wayback Machine, Bolagsverket (The
Aktiebolag
Dutch and Belgian version of a private limited liability company
with limited liability', abbr. bv) or société à responsabilité limitée (SRL) is the Dutch and Belgian version of a private limited liability company. The
Besloten_vennootschap
STATUTORY LIABILITY
STATUTORY LIABILITY
STATUTORY LIABILITY
STATUTORY LIABILITY
Boy/Male
German, Latin, Swedish, Teutonic
French Man; Free; A Man from France
Girl/Female
Hindu
Golden Moon, Apsara of unequalled splendor
Boy/Male
Hawaiian
The seeker.
Boy/Male
Indian, Sanskrit
King of Cattle
Girl/Female
Anglo Saxon
Princess.
Male
Native American
Native American Shawnee name TECUMSEH means "panther passing across."
Girl/Female
Tamil
Tamashree | தாமாஂஷà¯à®°à¯€
Whole, Perfect
Girl/Female
Hindu, Indian
Merciful
Boy/Male
Sikh
In appreciation of God, Praise of God
Boy/Male
Tamil
Grace
STATUTORY LIABILITY
STATUTORY LIABILITY
STATUTORY LIABILITY
STATUTORY LIABILITY
STATUTORY LIABILITY
a.
Beneficial, as opposed to statutory or civil; as, bonitary dominion of land.
n.
The portion of the human figure included between the head and waist, whether in statuary or in the person; the chest or thorax; the upper part of the trunk of the body.
n.
The redemption of man from the bondage of sin and liability to eternal death, and the conferring on him of everlasting happiness.
n.
One who practices the art of making statues.
a.
Enacted by statute; depending on statute for its authority; as, a statutory provision.
n.
Freedom from whatever exposes one to danger or from liability to cause danger or harm; safeness; hence, the quality of making safe or secure, or of giving confidence, justifying trust, insuring against harm or loss, etc.
n.
The game of hockey; -- so called because of the liability of the players to receive blows on the shin.
a.
Not impeachable; not to be called in question; exempt from liability to accusation; free from stain, guilt, or fault; irreproachable; blameless; as, an unimpeachable reputation; unimpeachable testimony.
n.
Liability to be sued; the state of being subjected by law to civil process.
a.
A particular privilege conferred by grant from a sovereign or a government, and vested in individuals; an imunity or exemption from ordinary jurisdiction; a constitutional or statutory right or privilege, esp. the right to vote.
prep.
Denoting relation to some thing or person that is superior, weighs upon, oppresses, bows down, governs, directs, influences powerfully, or the like, in a relation of subjection, subordination, obligation, liability, or the like; as, to travel under a heavy load; to live under extreme oppression; to have fortitude under the evils of life; to have patience under pain, or under misfortunes; to behave like a Christian under reproaches and injuries; under the pains and penalties of the law; the condition under which one enters upon an office; under the necessity of obeying the laws; under vows of chastity.
n.
A collection of statues; statues, collectively.
n.
The art of carving statues or images as representatives of real persons or things; a branch of sculpture.
n.
The act or process of measuring, at the various distances from the surface of a block of marble, the surface of a future piece of statuary; also, a process used in cutting the statue from the artist's model.
pl.
of Statuary
a.
Of or pertaining to Paros, an island in the Aegean Sea noted for its excellent statuary marble; as, Parian marble.
n.
A literary or artistic composition; as, a piece of poetry, music, or statuary.
n.
The state of being liable; as, the liability of an insurer; liability to accidents; liability to the law.
v. t.
To subject, as property, to liability for a debt or engagement without delivery of possession or transfer of title; to pledge without delivery of possession; to mortgage, as ships, or other personal property; to make a contract by bottomry. See Hypothecation, Bottomry.