ABSTRACT
This chapter examines the relationship between public and private persons from the perspective of the oligarchic state's corporate partner. To indicate the public law nature of the corporate partner, the authors refers to these nominally private persons as compound corporations. The chapter explores how these compound corporations are incorporated and change over time. Before doing so, the authors elaborate a concept of legal compounding. The compound corporation concept focuses on intermingling of public and private law elements within a single company. The chapter elaborates the concept, discusses the distinction between public and private corporations, the rules governing control over each species of corporation and the public and private law synergies and transitions of compound corporations charged with undertaking commercial enterprises. Private corporations have risen in prominence, so private law now treats them as private persons. Post-War public corporations are traceable to a range of pre-War enterprises, including chartered companies, New Deal companies and wartime industries.
