A company which provides a public service and has been incorporated by special statute, as distinguished from a chartered company or a joint-stock company.
Origin
Mid 19th century; earliest use found in Scottish Jurist.
Definition of statutory company in US English:
statutory company
noun
A company which provides a public service and has been incorporated by special statute, as distinguished from a chartered company or a joint-stock company.
Origin
Mid 19th century; earliest use found in Scottish Jurist.