Statutory Release - Definition - Law Dictionary Home Dictionary Definition statutory-release

Definition :

Statutory release, a conveyance which superseded the old compound assurance by lease and release. It was created by 4 & 5 Vict. c. 21 (repealed, as being superseded by subsequent legislation, by the Stat. Law Rev. Act, 1874, No. 2), which abolished the lease for a year. See RELEASE.