15-1625. General powers of board as body
corporate


A. The Arizona board of regents is a body corporate with perpetual succession. The
board has jurisdiction and control over the universities.


B. The board may:


1. Adopt a corporate seal.


2. Contract.


3. Sue and be sued.


4. Purchase, receive, hold, make and take leases and long-term leases of and sell
real and personal property for the benefit of this state and for the use of the
institutions under its jurisdiction.