Branch Reciprocity Policy. Members are expected to purchase a membership at the branch they intend to use most of the time. Members may use all branches within the Philadelphia Freedom Valley YMCA. We reserve the right to transfer a membership if a member violates the policy. The Y will notify the member 30 days in advance of the transfer.
DEFINITION of 'Statutory Employee'. A class of employee that is permitted to deduct work-related expenses on Schedule C instead of Schedule A. Statutory employees are usually salespeople or other employees who work on commission. Statutory employees are independent contractors under the IRS's common-law rules.
Report Abuse. A statutory corporation is a corporation created by statute. The legislators pass a piece of law to create a corporation. On the other hand, other companies are corporations created under the provisions of Companies Act. Follow the procedures provided by the Companies Act and a corporation is created.A Statutory corporation is not necessary government owned. statutory corporation is not necessary a state-own-enterprise which will pay dividend, and in most of the time, it is a charity, a church. For example, the Scout Association of Hong Kong is a statutory corporation created under Scout Association of Hong Kong Chapter 1005.