Statutory Liability

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Dictionary Says

Definition of 'Statutory Liability'

A legal term meaning that someone can be held responsible for a certain action or omission because of a related law that is not open to interpretation. This is a generic term that can apply to any field, not just finance, but in finance it may come up in reference to real estate transactions, stockholder obligations or the behavior of board members, to name just a few examples.
Investopedia Says

Investopedia explains 'Statutory Liability'

In New Zealand and Australia, businesses commonly purchase statutory-liability insurance to protect themselves from the fines, penalties and legal fees that can result from an accidental breach of law. These may include occupational health and safety laws, environmental laws and employment laws.

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'Statutory Liability'

  • Series 6 Study Guide - Investment Securities - Corporate ...

    http://www.investopedia.com/exam-guide/finra-series-6/investment-securities/corporate-securities-common-stock.asp
    ... This limitation of loss to the original amount invested is referred to as limited
    liability. ... There are two types of voting rights: cumulative and statutory. ...
  • Protect Your Personal Assets

    http://www.investopedia.com/articles/pf/08/family-limited-partnership.asp
    ... Excluding any liability insurance that might be available, your neighbor would like
    to ... has been paid in full or until the expiration of a statutory time limit. ...
  • CFA Level 1 Study Guide - Liabilities - Income Tax Terminology ...

    http://www.investopedia.com/exam-guide/cfa-level-1/liabilities/income-tax-terminology.asp
    ... 8.21 Asset Impairment. 9. Liabilities: 9.1 Introduction; 9.2 Current Liability Basics;
    9.3 Income Tax Terminology; 9.4 Tax Deferred Liabilities; 9.5 Permanent Vs ...
  • How To Cut Your Alternative Minimum Tax

    http://www.investopedia.com/articles/pf/07/amtbasics.asp
    ... First, you figure your tax liability under the regular tax system, which factors
    in preferential ... (Note: Though 26% and 28% are the statutory rates, the actual ...
  • CFA Level 1 Study Guide - Microeconomics - Effect of Taxes on ...

    http://www.investopedia.com/exam-guide/cfa-level-1/microeconomics/tax-effects.asp
    ... 8.21 Asset Impairment. 9. Liabilities: 9.1 Introduction; 9.2 Current Liability Basics;
    9.3 Income Tax Terminology; 9.4 Tax Deferred Liabilities; 9.5 Permanent Vs ...
  • Property And Casualty Insurance: Things Could Be Worse

    http://stocks.investopedia.com/stock-analysis/2010/Property-And-Casualty-Insurance-Things-Could-Be-Worse-ACE-HIG-CNATRV0630.aspx
    ... with the deepest declines in the commercial property and general liability lines ...
    that the property and casualty industry earned an annualized statutory rate of ...
  • What are some commonly missed deductions for business owners?

    http://www.investopedia.com/ask/answers/07/taxtipbusiness.asp
    ... able to deduct the contributions, providing they are within the statutory limits ...
    expenses include the cost you pay for advertising, liability insurance, certain ...
  • Series 66 Study Guide - Regulation of Investment Advisors and ...

    http://www.investopedia.com/exam-guide/series-66/regulation-investment-advisors/sec-releases-ia-770-1092.asp
    ... Compensation includes fees, commissions, assigning a liability of the ... broker-dealer
    exemption from registration (this is known as a statutory investment advisor ...
  • Series 65 Study Guide - Regulation of Investment Advisors - SEC ...

    http://www.investopedia.com/exam-guide/series-65/investment-advisor-registration/sec-releases-770-1092.asp
    ... about securities - compensation includes fees, commissions, assigning a liability
    of the ... from registration (this is known as a statutory investment adviser); ...
  • Series 66 Study Guide - Special Issues for Retirement Plans - Non ...

    http://www.investopedia.com/exam-guide/series-66/retirement-plans/non-qualified-retirement-plans.asp
    ... If the plan does not meet statutory requirements, the assets may be subject ... provided
    to the plan participants, to limit the trustees' legal liability for poor ...

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