What does the word Statutable mean?

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What does the word "Statutable" mean?

The word "statutable" is derived from the term "statute," which refers to a formal written enactment of a legislative authority. In legal contexts, statutes serve as laws that govern how individuals and organizations must act within a jurisdiction. The term "statutable," therefore, pertains to matters that are established or defined by statute.

Understanding the implications of the term "statutable" can be crucial in various fields such as law, public policy, and governance. It indicates that something is formally recognized or required by law, as opposed to being based on common law, customary practices, or informal agreements.

Here are key aspects to consider regarding the term "statutable":

Definition: "Statutable" means having the force of or being authorized by law, specifically in the context of written statutes.
Legal Context: In legal terminology, "statutable" is often used to describe rights, obligations, or regulations that are directly tied to statutory law. For example, "statutable penalties" refer to fines or other penalties defined explicitly by statute.
Contrast with Common Law: Unlike common law, which evolves through judicial decisions and precedents, matters described as statutable are rooted in specific legislative acts. This distinction is important in legal discussions, where the sources of law may significantly impact outcomes.
Application: The term "statutable" can apply to various situations, including statutory instruments, regulations, and provisions in corporate governance, public health laws, or tax codes.
Jurisdiction: Statutable matters can vary significantly by jurisdiction, as each legal system may have its own set of statutes governing the same or similar issues.

In conclusion, the term "statutable" is a significant legal term that indicates something is defined or required by law. Its implications are far-reaching, influencing how laws are interpreted and applied in various contexts. When dealing with legal documents or regulations, recognizing whether something is statutable can clarify the obligations and rights of individuals and entities under the law.

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