Statute Staple

The statute of the staple (27 Edw. III. st. 2) confined the sale of all commodities to be exported to certain towns in England, called "estaple" or "staple," where foreigners might resort. It authorized a security for money, commonly called "statute staple," to be taken by traders for the benefit of commerce. The mayor of the place is entitled to take a recognizance of a debt in proper form, which has the effect to convey the lands of the debtor to the creditor till out of the rents and profits of them he may be satisfied.

2 Bl. Comm. 160; Cruise, Dig. tit. 14, § 10; 2 Ro Ue, Abr. 446; Bac. Abr. "Execution" (B 1); 4 Inst. 238.

STATUTI (Lat.) In Roman law. Those advocates whose names were inscribed in the registers of matriculation, and formed a part of the college of advocates. The number of advocates of this class was limited. They were distinguished from the supernumeraries from the time of Constantine to Justinian. See Calv. Lex.