Private Corporation Law and Legal Definition

According to 19 USCS § 81a (Title 19, Customs Duties; Chapter 1 A’ Foreign Trade Zone), the term "private corporation" means “any corporation (other than public corporation) which is organized for the purpose of establishing, operating, and maintaining a foreign-trade zone and which is chartered under special Act enacted after the date of enactment of this Act [enacted June 18, 1934] of the State or States within which it is to operate such zone.”