Crown Corporation
/ˈkraʊn ˌkɔːrpəˈreɪʃən/
Definitions
- (n.) A government-owned corporation established by statute to undertake commercial activities on behalf of the state.
The province created a crown corporation to manage its public transportation system.
Forms
- crown corporations
Related terms
See also
Commentary
Crown corporations often have a blend of public policy objectives and commercial autonomy; precise powers and governance structures vary by jurisdiction.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.