16A.014 ADMINISTRATION OF GIFTS.
In case any such gift, bequest, devise, or endowment is so accepted, the same and the
proceeds thereof shall be administered and applied according to the terms of the will, deed of
gift, or other instrument defining, providing for, creating, or establishing the same; but all such
property and funds shall be held by the commissioner of finance in an official capacity and paid
out and disbursed the same as other state funds.
History: 1907 c 170 s 2; 1986 c 444; 2003 c 112 art 2 s 50