Missouri Higher Education Loan Authority v. Good

(1) Whether a state treasury’s liability for an entity’s judgments is the most important factor in determining whether that entity is an arm of the state; and (2) whether incidents of corporate status, such as the capacity to sue and be sued, own property, and contract, are relevant to determining whether a public corporation established by a state for a state-wide public purpose and governed by a board comprising state officials and individuals appointed by the governor and confirmed by the legislature is an arm of the state.