[Close this window]

 
    §  216.  Charters.  Under  such  name, with such number of trustees or
  other managers, and with such powers, privileges and duties, and subject
  to such limitations and restrictions in all respects as the regents  may
  prescribe  in  conformity to law, they may, by an instrument under their
  seal and recorded in their office, incorporate any university,  college,
  academy,  library,  museum,  or other institution or association for the
  promotion of science, literature, art, history or  other  department  of
  knowledge,  or  of  education  in  any  way,  associations  of teachers,
  students, graduates of educational institutions, and other  associations
  whose  approved  purposes  are,  in  whole or in part, of educational or
  cultural value deemed worthy of recognition  and  encouragement  by  the
  university.  No  school;  college;  university or other entity providing
  post secondary education; library; or museum or historical society shall
  be incorporated under the business corporation law,  the  not-for-profit
  corporation  law,  or  any  other general law without the consent of the
  commissioner or, in the case of a college  or  university,  without  the
  written  authorization of the Regents. Any other entity incorporated for
  educational purposes may be formed under the business corporation law or
  the  not-for-profit  corporation  law  without  the   consent   of   the
  commissioner,  provided  that  such institution or association submits a
  certified copy of the certificate of incorporation to  the  commissioner
  within  thirty days after the corporation receives confirmation from the
  department of state that the certificate has been accepted for filing.
    No individual, association, partnership, company  or  corporation  not
  authorized  by  special charter from the legislature of this state or by
  charter from the  regents  to  operate  a  museum,  or  arboretum  shall
  knowingly  use, advertise or transact business under the names "museum,"
  or "arboretum," or any name, title or descriptive material indicating or
  tending to imply that said individual, association, partnership, company
  or corporation conducts, carries on, or is such a business  when  it  is
  not, or that it is authorized to operate as such, unless the right to do
  so  has  been granted by the regents or the commissioner in writing. Any
  violation of this paragraph shall be a misdemeanor. Notwithstanding  any
  other   provision   of   this   section,   an  individual,  association,
  partnership, company or corporation doing business  under  any  of  such
  names  on  the effective date of this paragraph may come into compliance
  with  this  paragraph  by  obtaining  consent  of  the  regents  or  the
  commissioner within one year of such effective date.

[Close this window]