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.
A quasi-corporation is an entity that is not incorporated or otherwise legally established, but which functions as if it were a corporation.[3]
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Further information: Government-sponsored enterprise, State-owned enterprises of the United States, and Independent agencies of the United States government |
When created by the federal government of the United States, these entities are commonly called quasi-public corporations. These now or in the past have included telegraph and telephone companies, oil and gas, water, and electrical power companies, and irrigation companies.[4] Some examples of quasi-public corporations in the US are Sallie Mae, Fannie Mae/Freddie Mac, Amtrak (National Railroad Passenger Corporation), the Communications Satellite Corporation (“COMSAT”), and the US Postal Service.[5]
In the United States, such entities established, supported, or controlled by a city, county, or township may be called quasi-municipal corporations.[6]