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Legal Status of Universities

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dr pop | 18:54 Thu 28th Dec 2006 | Law
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Hi unusual question time. I am not even sure of which category this belongs to so I will post it in a couple.

What is the legal status of Durham University. I presume it is run as a charity/charitable organization seeing as how it does not as such earn/make money. As such does it have a capacity for raising capital and if so how???????

Sorry to ask so many questions but it is doing my head in!

Many thanks
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