These are private law legal entities created by authorization contained in law to perform public services or economic activities. They are established by specific law and require registration.
Employees are governed by the CLT (Consolidation of Labor Laws) and are subject to the prohibition of paid accumulation of positions.
They are tax-exempt. They are subject to public bidding; in economic activities, bidding is only required for support activities.
If providing a public service, they follow a public law regime; if performing an economic activity, the regime is hybrid.
Liability is objective.
Acts and contracts are administrative; they are subject to judicial control.
Assets are public.
The capital is majority public; the corporate form is a Joint-Stock Company (Sociedade Anônima - SA).
Some examples: Petrobrás, Banco do Nordeste, Eletrobrás, and Banco do Brasil.
