A public corporation created by a specific statute can be voluntarily dissolved by a simple resolution of its Board of Directors.
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False. A public corporation established by statute can only be dissolved by an Act of Parliament, not by a resolution of its Board of Directors.
The statement is false because public corporations are statutory bodies created by legislative enactments; therefore, their dissolution requires an Act of Parliament repealing the founding law, not merely an internal decision by the Board of Directors.
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Anahtar Kavram
Creation, Legal Status, and Dissolution of Public Enterprises