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Statute n.An act of the legislature of a state or country, declaring, commanding, or prohibiting something; a positive law; the written will of the legislature expressed with all the requisite forms of legislation; -- used in distinction fraom common law. See Common law, under Common, a.a.An act of a corporation or of its founder, intended as a permanent rule or law; as, the statutes of a university.a.An assemblage of farming servants (held possibly by statute) for the purpose of being hired; -- called also statute fair.