Rye Country Day School v. Lynch

Without reviewing the various steps incident to the incorporation of the petitioner, it is sufficient for present purposes to say that a charter was issued to it by the Regents pursuant to section 59 of the Education Law. That section provides in part that “ 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 * * * or…