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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 United States federal government chartered and owned corporations operate to provide public services. Unlike government agencies such as the Environmental Protection Agency, the Bureau of Indian Affairs, or independent commissions, such as the Federal Communications Commission, the Nuclear Regulatory Commission, and others, they have a separate legal personality from the federal government.
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....
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 ...
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 ...
As a quasi-public redevelopment agency whose board members are elected officials, like Scalise, the land bank erased the delinquent tax bills on the auctioned properties so future developers or ...
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: the Canadian Broadcasting Corporation; Canada Post; Bank of Canada