Statutory corporation

Bodies described in the English language as "statutory corporations" exist in the following countries in accordance with the associated descriptions (where provided).

[citation needed] A statutory corporation in Germany is called a Körperschaft des öffentlichen Rechts (KdöR).

An example of a statutory corporation is a Kassenärztliche Vereinigung, a body involved in the provision of out-patient medical services in a German state.

This is a body corporate created by the legislature with defined powers and functions and is financially independent with a clear control over a specified area or a particular type of commercial activity.

Statutory corporations therefore have the power of the government and the considerable amount of operating flexibility of private enterprises.

Some statutory corporations are expected to operate as if they were a commercial company (with or without a subsidy from the Exchequer, depending on whether or not it would make a profit without one).

The provisions of the Companies' Acts do not typically directly apply to such bodies, although their founding legislation may specify similar requirements.

In the Netherlands, the term "public body" is the general denomination for administrative divisions within the Dutch state or certain other types of governmental organisations.

In some states, a city or county can be created by petition of a certain number or percentage of voters or landholders of the affected area, which then causes a municipal corporation to be chartered as a result of compliance with the appropriate law.