In 2005, the Base Realignment and Closure. Commission (BRAC) mandated consolidation of these. 2 institutions into a new Walter Reed National Military. Medical Center that would be constructed onthe grounds. of the National Naval Medical Center in Bethesda, Maryland.' This new medical facility is intended to pro-.
proprietary companynoun [ C ] uk â us â. âº a company that owns enough shares of another company to control it: Mutuals delivered better returns than proprietary companies. âº LAW in Australia, New Zealand, and South Africa, a type of limited company (= one whose owners only have to pay part of the money they owe if it fails).
Private company (Pty) Ltd. A private company is a separate legal entity distinct from its shareholders. A private company is liable for its debts and creditors cannot sue the shareholders for the payment of these debts. .A private company can have up to 50 shareholders.rivate company (Pty) Ltd. A private company is a separate legal entity distinct from its shareholders. A private company is liable for its debts and creditors cannot sue the shareholders for the payment of these debts. . A private company can have up to 50 shareholders.