§ 404. Hospitals; property; authority to acquire and to hold. 1. The\nboard of visitors of each state hospital in the department, as the agent\nof the department, is hereby authorized to take and hold, in the name of\nand for the people of the state, by grant, gift, devise or bequest,\nproperty to be applied, principal or income, or both, for the benefit of\nthe hospital, institution or of any patient or patients therein or to\nthe maintenance and the general uses of the hospital or institution.\n 2. No property shall be taken or held as provided by this section,\nexcept with the approval of the commissioner unless the rules of the\ncommissioner otherwise provide. Utilization and administration of\nproperty so taken and held shall be subject to the rules of the\ncommissioner.\n 3. Property taken and held as provided by this section shall be\napplied or expended for the purpose specified by the donor, subject to\nthe rules of the commissioner.\n 4. The expenditure of moneys derived from any source pursuant to the\nprovisions of this section, including income, shall be under the\nimmediate direction of the hospital, or treasurer of the institution,\nexcept as the rules of the commissioner may otherwise provide.\n
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