private corporation

A corporation founded by and composed of private individuals principally for a nonpublic purpose, such as manufacturing, banking, and railroad corporations (including charitable and religious corpora-tions).

— Also termed quasi-individual. [Cases: Corporations 3. C.J.S. Corporations §§ 5–7, 62.]

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词条贡献者

双语律师李明，国际知名法学院法律专业，擅长翻译各类与政府监管相关的法律文件。