Public Ownership – government owns at least 51% or controlling share of the company

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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