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2. As used in this act, the following words and phrases shall have the following meaning:

a. “Academic rank” means instructor, assistant professor, associate professor and professor.

b. “Faculty member” means any full-time member of the teaching staff appointed with academic rank. Other full-time professional persons shall be considered faculty members if they concurrently hold academic rank.

L.1973,c.163,s.2; amended 1994,c.48,s.73.