What is a public companie created by law?
Public companies created by law are one of the forms used by the State to develop business activities. They are those companies created by a law of qualified quorum that, in addition, authorizes the State to develop a certain business activity. This same law establishes the statute of the company through which such activity will be developed, defining its purpose, its administrative bodies, its attributions, duties and functions and the way in which such activity will be developed, i.e., directly or through concessions, among others.