private corporation

private corporation
A corporation created for private as distinguished from purely public purposes. Miller v Davis, 136 Tex 299, 130 SW2d 973, 136 ALR 177. The character of a corporation as public or private is determined by the terms of its charter and the general law under which it was organized, not upon the character of its stockholders or the number of persons engaged in the enterprise. Macon County Tel. Co. v Bethany Mut. Tel. Asso. 270 Ill 183, 110 NE 334.

Ballentine's law dictionary. . 1998.

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  • private corporation — Public and private corporations. A public corporation is one created by the state for political purposes and to act as an agency in the administration of civil government, generally within a particular territory or subdivision of the state, and… …   Black's law dictionary

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  • private corporation — corporation owned and run by a private individual …   English contemporary dictionary

  • private corporation — noun a corporation owned by a few people; shares have no public market • Syn: ↑closed corporation, ↑close corporation, ↑privately held corporation • Hypernyms: ↑corporation, ↑corp • Hyponyms: ↑ …   Useful english dictionary

  • corporation — cor·po·ra·tion /ˌkȯr pə rā shən/ n [Late Latin corporatio, from Latin corporare to form into a body, from corpor corpus body]: an invisible, intangible, artificial creation of the law existing as a voluntary chartered association of individuals… …   Law dictionary

  • private — pri·vate adj 1 a: intended for or restricted to the use of a particular person or group or class of persons: not available to the public a private park b: not related to, controlled by, or deriving from the state a private school 2 a: owned by or …   Law dictionary

  • corporation — Under Title 11 U.S.C. Section 101: (9) The term corporation (A) includes (i) association having a power or privilege that a private corporation, but not an individual or a partnership, possesses; (ii) partnership association organized under a law …   Glossary of Bankruptcy

  • corporation — An artificial person or legal entity created by or under the authority of the laws of a state. An association of persons created by statute as a legal entity. The law treats the corporation itself as a person which can sue and be sued. The… …   Black's law dictionary

  • corporation — An artificial person or legal entity created by or under the authority of the laws of a state. An association of persons created by statute as a legal entity. The law treats the corporation itself as a person which can sue and be sued. The… …   Black's law dictionary

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