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.
Points: 10. Meaning: Statutory Corporation is an autonomous form of Public sector. It is formed by passing a Special Act either at the Legislature Assembly or at the Parliament. The Statue clearly defines the rules and regulations, plans & policies, rights & powers, limits & scope for working of the corporation.oints: 10. Meaning: Statutory Corporation is an autonomous form of Public sector. It is formed by passing a Special Act either at the Legislature Assembly or at the Parliament. The Statue clearly defines the rules and regulations, plans & policies, rights & powers, limits & scope for working of the corporation.