Public Corporation
/ˈpʌblɪk ˌkɔːrpəˈreɪʃən/
Definitions
- (n.) A corporation established by government authority to provide public services or execute public functions.
The city formed a public corporation to manage its public transit system.
- (n.) A corporation whose shares are publicly traded and available to the general public.
As a public corporation, the company must disclose its financial statements regularly.
Forms
- public corporation
- public corporations
Related terms
See also
Commentary
The term 'public corporation' can denote either a government-established entity or a publicly traded company; context typically clarifies the intended meaning.
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.