IPA: //stəˈtʃʊtərɪli//
KK: /stəˈtʃʊtərɪli/
In a way that is required or allowed by law.
The company must operate statutorily to comply with regulations.
Statutorily → It is formed from "statut" (from Latin "statutum", meaning a law or decree) and the suffix "-ory" (meaning relating to or characterized by). The word "statutorily" means in a manner relating to or governed by a statute or law.
Think of 'statute' as a law and remember that 'statutorily' means something done in accordance with that law.
No commonly confused words.