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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.
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....
Amtrak (National Railroad Passenger Corporation) is a passenger railroad service that provides intercity service throughout the contiguous United States and parts of Canada. The Central Intelligence Agency (CIA) gathers foreign intelligence and provides national security assessments to policymakers in the United States.
In Canada, state-owned corporations are referred to as Crown corporations, indicating that an organization is established by law, owned by the sovereign (either in right of Canada or a province), and overseen by parliament and cabinet. Examples of federal Crown corporations include:
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 ...
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 ...
Benefit corporation or public-benefit corporation, for profit but with positive impact; Public-benefit nonprofit corporation, chartered by a state government; New York state public-benefit corporations, quasi-governmental authorities