Membership Hold. You can place your membership on hold for up to three months for the following reasons: vacation, financial, medical, work or school. If your membership hold is due to medical reasons, a doctorâs note is needed. During this period you will not be charged membership dues.
Legal Definition of statutory. 1  1 : of or relating to a statute or statutes a statutory provision. 2  2 : enacted, created, regulated, or defined by statute a statutory presumption a statutory insider.
From Wikipedia, the free encyclopedia. Statutory Liability is a legal term indicating the liability of a party who may be held responsible for any action or omission due to a related law that is not open to interpretation.