[ˈstæʧəˌtɔri bʊks]
Definition: are documents that determine the legal status of the organization and are the legal basis for its activities. The statutory books must contain the following information: the name of the organization; the place of its location, that is, the legal address; the procedure for managing the activities of a legal entity. In addition, in the statutory books, the object and purpose of the company's activities can be determined. Such information is mandatory for non-profit organizations and unitary enterprises. The statutory books for the creation, as well as all the amendments to them, come into force only after their mandatory state registration.
Statutory books in a sentence:
- The procedure for creating an enterprise is inextricably linked with the development of its statutory books
- Statutory books are the legal basis for firm’s activities.
Synonyms and related words: company registration, articles of association
