A statutory corporation differs from a public limited company in that a statutory corporation

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is established by an Act of the legislature and is wholly or partly owned by the government. A statutory corporation (public corporation) is created by a specific Act of Parliament or legislation, and its ownership and funding come wholly or substantially from the government. Unlike a public limited company, it does not issue shares to the general public, and its primary objective is public

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A) is established by an Act of the legislature and is wholly or partly owned by the government

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B) issues shares to the public and is listed on the Nigerian Stock Exchange

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C) is managed by a board of directors elected by shareholders at an annual general meeting

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D) distributes its annual profits as dividends to private shareholders

A statutory corporation differs from a public limited company in that a statutory corporation

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