In page navigation

Statutory companies

Updated: Aug 20, 2021

Companies set up by an Act of Parliament for some specific public purpose such as the provision of gas, electricity or communications which, when operated under private enterprise before nationalization, needed certain statutory rights to cross the property of other people. The powers of statutory companies were contained in the Acts by which they were created and an additional Act would be needed to change them. This made them particularly rigid and inflexible bodies, something which contributed to them now being very rare.

Reference: The Penguin Business Dictionary , 3rd edt.

Sources & references
Risk disclaimer

Invezz is a place where people can find reliable, unbiased information about finance, trading, and investing – but we do not offer financial advice and users should always carry out their own research. The assets covered on this website, including stocks, cryptocurrencies, and commodities can be highly volatile and new investors often lose money. Success in the financial markets is not guaranteed, and users should never invest more than they can afford to lose. You should consider your own personal circumstances and take the time to explore all your options before making any investment. Read our risk disclaimer >

James Knight
Editor of Education
James is a lead content editor for Invezz. He's an avid trader and golfer, who spends an inordinate amount of time watching Leicester City and the… read more.