§ 4121 -   Definitions

§ 4121. Definitions

For the purposes of this chapter:

(1) "Public corporation" means this state, a political subdivision of this state, a corporate instrumentality of this state and one or more states, or a bi-state compact.

(2) "Private corporation" means a general and business or a general not-for-profit corporation organized under the laws of this state. (Added 1975, No. 148 (Adj. Sess.), § 1, eff. March 3, 1976.)