Regents Charters and Regents Certificates of Incorporation for Education Corporations
Education Law §216 gives
the Board of Regents broad authority to incorporate educational
institutions by issuing them either a Regents charter or a Regents
certificate of incorporation. Institutions
issued a Regents charter or Regents certificate of incorporation
are incorporated as education corporations, and are generally subject
to the Not-for-Profit
Corporation Law
as
provided in Education
Law §216-a.
In general, the following institutions must be chartered by the Board of Regents: (1) a college, university or other institution of higher education; (2) a nursery, elementary, secondary or charter school; (3) a library, archives, museum or historical society with collections; and (4) a public television or public radio station.
The following institutions must be incorporated by issuance of a Regents certificate of incorporation: (1) a historical society that does not hold collections; and (2) a cultural agency.