Statutory Grant
/ˈstætʃəˌtɔːri ɡrænt/
Definitions
- (n.) An authority or right conferred by a statute or act of legislation, enabling parties to perform certain acts or possess specified rights.
The company received a statutory grant allowing it to operate as a utility provider.
Forms
- statutory grant
- statutory grants
Related terms
See also
Commentary
A statutory grant specifically derives its authority from legislation, differentiating it from grants based on contracts or common law.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.