Intermediary corporation
An intermediary corporation or intermediate corporation (中間法人, chūkan hōjin) is a type of corporation which existed under Japanese law from 2002 until 2008. It was superseded by the general corporation (一般社団法人, ippan shadan hōjin) on December 1, 2008. The intermediary corporation was designed to bridge the gap between companies which work for profits and NGO and other nonprofit organizations which work for public interest. Prior to the enforcement of the law on April 1, 2002, excepting the labor union whose establishing rules were regulated under specific laws, voluntary groups such as a condo association board and hobby club were operated under informal agreements and their assets were registered with one or more of group members. However, this meant that in the absence or negligence of the goodwill by the member registering assets, group's assets could be appropriated without becoming a criminal case.