<P> Public corporation may refer to: </P> <Ul> <Li> Government - owned corporation </Li> <Li> Public company, i.e. a limited liability company that offers its securities for sale to the general public . </Li> <Li> Statutory corporation, i.e. a corporation created by statute, that is owned in part or in whole by a government (examples being are municipal councils, bar councils, universities). </Li> </Ul>

When does the government create a public corporation