public ownership:
(1846)
1. Government ownership. [1]
1. The government owns at least 51% or controlling share of the company. It is known as nationalisation when it is completely owned by the general public. [2]
References:
Disclaimer: All material throughout this website is pertinent to people everywhere, and is being utilized in accordance with Fair Use.
[1]: Black’s Law Dictionary Deluxe Tenth Edition by Henry Campbell Black, Editor in Chief Bryan A. Garner. ISBN: 978-0-314-61300-4
[2]: Black’s Law Dictionary Second Edition Online, “PUBLIC OWNERSHIP”: http://thelawdictionary.org/public-ownership/
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Back to Contract Law and Types of Contracts
Legal Precepts Adopted (from Europe) into The U.S. Constitution
§ § of Law Embedded into the Constitution Pursuant to the American Revolution
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