


    § 218. Conditions  of incorporation.  1. No institution shall be given
  power to confer baccalaureate or higher degrees in this state unless  it
  shall  have  financial  resources which, in the judgment of the regents,
  are adequate to insure satisfactory conduct of its  degree  program  and
  achievement  of  its  stated  educational  goals; and no institution for
  higher education  shall  be  incorporated  without  suitable  provision,
  approved  by  the  regents,  for educational resources and programs.  No
  institution shall  institute  or  have  any  faculty  or  department  of
  education  in  any  place  or  be  given  power to confer any degree not
  specifically authorized by its charter; and no corporation shall,  under
  authority   of   any   general  act,  extend  its  business  to  include
  establishing or carrying on any educational institution or work, without
  the consent of the board of regents.
    2. No institution shall be given power to confer associate degrees  in
  this  state  unless  it  shall possess financial resources which, in the
  judgment of the regents, are adequate to insure satisfactory conduct  of
  its degree programs and achievement of its stated educational goals.

Last modified: August 13, 2006