Public corporation
Term · Law · MLC-T-LAW-004014
A corporation created by a government to administer public functions or provide public services, distinct from a private corporation. These entities often have specific statutory powers and duties, such as operating utilities, managing public transportation, or overseeing educational institutions. Examples include municipal corporations and government-owned enterprises.
| Identifier | MLC-T-LAW-004014 |
|---|---|
| Field | Law |
Record as JSON
{
"id": "MLC-T-LAW-004014",
"term": "Public corporation",
"field": "Law",
"definition": "A corporation created by a government to administer public functions or provide public services, distinct from a private corporation. These entities often have specific statutory powers and duties, such as operating utilities, managing public transportation, or overseeing educational institutions. Examples include municipal corporations and government-owned enterprises.",
"url": "https://mlchart.com/terminology/law/public-corporation/"
}
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