The amount was to pay statutory liabilities, unsecured, pressing creditors, dealers, credit balances, employee dues and working capital requirements, in part.

Statutory liability provides cover for defense costs, fines and penalties charged against the firm.

The statutory liability of unions for the actions of their members has given rise to many difficulties.

That article states that all motor vehicles in the Community are required to have statutory liability insurance.

BP has said it would pay for all cleanup and remediation regardless of the statutory liability cap.

The amount was to pay statutory liabilities, unsecured, pressing creditors, dealers, credit balances, employee dues and working capital requirements, in part.

OHSU did not dispute negligence and argued that the statutory liability limits for suits against state agencies applied.

The liability of a director is limited, however, to the company's contractual debts and liabilities, and therefore does not include delictual or statutory liability.

Statutory liability: CPAs have statutory liability under both federal and state securities laws.

Statutory Liability is a legal term indicating that any party may be held responsible for any action or omission due to a related law that is not open to interpretation.

In some nations, such as New Zealand and Australia, business can purchase statutory liability insurance to protect from the fines and legal fees that can result from this breach.

Some instances of modern statutory liability are considered in a later section of this chapter but a more generalised revival of the Rylands v. Fletcher idea is proposed in two modern law reform proposals.

Pursuant to our duty to liberally construe pleadings with a view to achieving substantial justice we therefore treat the second and third "causes of action" as alternative counts setting forth plaintiff's theory of statutory liability.