Public Corporation Definition and Legal Meaning

On this page, you'll find the legal definition and meaning of Public Corporation, written in plain English, along with examples of how it is used.

What is Public Corporation?

It refers to the company or a firm which has issued shares through initial public offering thereby having common public as shareholders or members of the company. It also refers to the government owned company because any investment, entity or funds owned by government is known to be “public” property.