Define: Statutory Board

How is Statutory Board defined in a legal contract?

• Statutory Board means a board, committee, or other group, which, is under any legal statute responsible for the direction, governing, or control of an entity, other than a Government Department or Ministry. The majority of the board, committee, or other group's members are appointed by a Minister or public official. Seen in 11 SEC filings
• Statutory Board means a body under a specific legal Act. Seen in 8 SEC filings
• Statutory Board means a corporate or unincorporate body established by or under any public legal Act performing a public function. Seen in 7 SEC filings
• Statutory Board means a corporate body established by or under any written law performing or discharging any public function. Seen in 7 SEC filings
• Statutory Board means any board, commission, committee, council or similar body established by a legal Act. Seen in 2 SEC filings
• Statutory Board means a corporate or unincorporate body established by or under any written law to perform or discharge any public function at different times. Seen in 2 SEC filings
• Statutory Board means any board, authority, corporation, commission, committee, council, trust or other body of similar nature established by or under a legal enactment. Seen in 1 SEC filing

Note: The Genie AI Legal Assistant pulled this data out of the SEC EDGAR Database of 500,000 records from the past 22 years of filings. We regularly update this page as new filings and definitions come in.

Search EDGAR for 'Definitions of statutory board' yourself to verify these results. We are always keen to point people to source documents.

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Which definition should you use?

🤔 Our AI Legal Assistant has combined and improved the above descriptions to create market-standard 'Genie definitions' below, with guidance on which documents and which industry to use for each.

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Genie Definition 1

• Statutory Board means a group directed by law overseeing an entity, excluding a Ministry or Government Department.

Relevant Contract Types

• Government Contracts
• Joint Venture Agreements
• Partnership Agreements
• Non-Disclosure Agreements

Relevant Circumstances

• Forming a venture between government and private entities
• Establishing or restructuring a board for an entity
• Drafting agreements where a statutory board oversees the implementation, regulation, or compliance.

Relevant Sectors

• Public Administration
• Non-Profit Organizations
• Healthcare

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Genie Definition 2

• Statutory Board means a legal entity created under an Act, assigned with a public duty.

Relevant Contract Types

• Government Contracts
• Service Level Agreements
• Licence Agreements

Relevant Circumstances

• Establishing or modifying a public body, like a regulatory authority or judicial body.
• Entering into licensing agreement with a statutory board, for using intellectual property or resources.

Relevant Sectors

• Public Administration
• Education
• Environment and Conservation

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