Definition
"Statute" refers to a written law passed by a legislative body. It's a formal rule or regulation enacted by a government. Think of it as an official decree. Unlike common law, which is based on judicial precedent, a statute is a written act of legislation. Itβs like a chapter in a law book. Statutes cover a wide range of topics, from criminal law to environmental regulations, and are binding on all individuals and entities within the jurisdiction.