Business, Legal & Accounting Glossary
Statutory law or statute law is written law passed by a body of legislature.
Statutory law or statute law is written law passed by a body of the legislature.
Statutory law is law which is created and passed by the legislature as opposed to common law or constitutional law. Statutory laws are codified and written and help to differentiate between case law which is created by precedents over time by judges deciding cases and laws which are adopted by the governing bodies such as the state and federal legislatures. The ability of the governing bodies to enact laws is outlined in the Constitution, which allows the legislative branch of the state and federal government to make laws regulating certain issues.
Statutory laws and case law govern in conjunction with each other. They are, however, often open to some interpretation. If a statute is challenged the court may be able to help interpret it. There are certain basic rules of interpretation, much of which is found in legislative history to interpret the statute.
Federal statutory laws can be public or private. Public laws relate to the general public, while private laws relate to specific institutions or individuals. Most of the laws passed by Congress are public laws. Laws are organized by subject, indexed, and published in the United States Code. The United States Code consists of 50 separately numbered titles.
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This glossary post was last updated: 31st March, 2020 | 153 Views.