§ 25-01-10 — Supervising officer may accept gifts and bequests - State treasurer to have custody of funds

custody of funds.
The supervising officer may accept in the name of the state and hold in trust for any
institution mentioned in this chapter any lands conveyed or devised and any money or other
personal property given or bequeathed for application to any purpose connected with such
institution. All moneys and property coming into the hands of the supervising officer as grants,
donations, devises, gifts, and bequests must be used for the specific purposes for which they
are granted, donated, devised, bequeathed, or given. If no terms are imposed upon the use of
any grant, donation, devise, bequest, or gift, it must be used for the general maintenance of the
institution for the benefit of which it is made.