Ch. 239                                    2004 LAWS OF MARYLAND

Article - Education

Section 12-104(a) and 12-109(g)

Annotated Code of Maryland

(2001 Replacement Volume and 2003 Supplement)

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That the Laws of Maryland read as follows:

Article - Education

12-102.

(a) (1) There is a body corporate and politic known as the University System
of Maryland.

(2)     The University is an instrumentality of the State and a public
corporation.

(3)     The University is an independent unit of State government.

(4)     The exercise by the University of the powers conferred by this
subtitle is the performance of an essential public function.

12-104.

(a)     In addition to any other powers granted and duties imposed by this title,
and subject to the provisions of Title 11 and any other restriction [expressly] imposed
by law[,] BY SPECIFIC REFERENCE TO THE UNIVERSITY SYSTEM OF MARYLAND, or
by any trust agreement involving a pledge of property or money, the Board of Regents
has the powers and duties set forth in this section.

(b)     In addition to the powers set forth elsewhere in this title, the University
may:

(1)     Exercise all the corporate powers granted Maryland corporations
under the Maryland general corporation law;

(2)     Adopt and alter an official seal;

(3)     Sue and be sued, complain, and defend in all courts;

(4)     Maintain an office at the place the Board of Regents may designate;

(5)     Enter into contracts of any kind, and execute all instruments
necessary or convenient with respect to its carrying out the powers in this subtitle to
accomplish the purposes of the University;

(6)     Subject to the provisions of subsection (h) of this section, acquire,
hold, lease, use, encumber, transfer, exchange, or dispose of real and personal
property;

(7)     Borrow money from any source to acquire personal property as
provided in § 12-105(c) of this subtitle; and

- 908 -