Statutory Obligation

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An Statutory Obligation is a legal obligation imposed by a legislative enactment/statute (a formal written law enacted by a legislative body).



References

2023a

  • (Wikipedia, 2023) ⇒ https://en.wikipedia.org/wiki/Statutory_obligation Retrieved:2023-5-9.
    • A statutory obligation is a legal duty or responsibility that arises from a statute, regulation, or other legislative enactment. These obligations are imposed by federal, state, or local legislation, regulations, or ordinances, and can apply to individuals, corporations, government entities, and other legal persons. Statutory obligations can be enforced through legal proceedings, such as lawsuits, fines, injunctions, or criminal penalties, and may be subject to interpretation and change due to evolving laws, legal precedents, and societal norms.

2023b