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Svet_ta [14]
4 years ago
8

The incorporation of the town of halfway, oregon, is approved by the state. halfway is

History
1 answer:
tresset_1 [31]4 years ago
7 0
Halfway is a municipal corporation.

It is organized as a legal entity, and its charter is recognized by the state.  A municipal corporation differs from business corporations, which can either be publicly held (selling shares in stock) or privately held corporations (which do not offer stock for sale to the public).  A municipal corporation does not sell stock or have shareholders either, but operates under different regulations than would a privately held business corporation.
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