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A quasi-corporation is [1] an entity that exercises some of the functions of a corporation, but has not been granted separate legal personality by statute. [2] For example, a public corporation with limited authority and powers such as a county or school district is a quasi-corporation.
Companies portal; United States portal; Below are U.S. entities that are quasi-public, sometimes meaning they operate like (and are sometimes organized as) private organizations and are run by a board of directors or similar arrangement whose members are appointed by government entities.
Private company – any company which is not a public company. Public company – any company whose shares are listed on an exchange or have been offered to the public, and are held by the public. Charity company (khevra le'to'ellet ha'tzibur, חברה לתועלת הציבור) – company generally governed by the Companies Act, except it is ...
Examples of federal Crown corporations include: the Canadian Broadcasting Corporation; Canada Post; Bank of Canada; Telefilm Canada; Via Rail; Ministers of the Crown often control the shares in such public corporations, while parliament both sets out the laws that create and bind Crown corporations and sets their annual budgets.
A quasi-public non-profit operation created and controlled by the city of Columbus and Franklin County made annual payments to its executive director averaging $1.19 million over a five-year ...
The New York State Constitution, Art.X, sec. 5, provides that public benefit corporations may only be created by special act of the legislature. In City of Rye v. MTA, 24 N.Y.2d 627 (1969), the court of appeals explained that "The debates of the 1938 Convention indicate that the proliferation of public authorities after 1927 was the reason for the enactment of section 5 of article X....
In the Philippines, a government-owned and controlled corporation (GOCC), sometimes with an "and/or", [1] is a state-owned enterprise that conducts both commercial and non-commercial activity. Examples of the latter would be the Government Service Insurance System (GSIS), a social security system for government employees.
They conceived the National Railroad Passenger Corporation (NRPC), a quasi-public corporation that would be managed as a for-profit organization, but which would receive taxpayer funding and assume operation of intercity passenger trains [7] [28] [29] – while many involved in drafting the bill did not believe the NRPC would actually be ...