The person making the gift, grant, or conveyance, as founder may therein designate:
(a) The name by which the institution shall be known.
(b) Its nature, object, and purposes.
(c) The powers and duties of the trustees, which shall not be exclusive of other powers and duties that, in their judgment, may be necessary more effectually to carry out the purposes of the institution.
(d) The mode, manner, and by whom the successors to the trustees named in the gift or grant shall be appointed.
(e) Such rules and regulations for the management of the institution, and the furtherance of its purposes, as the grantor may elect to prescribe. Such rules and regulations shall, unless the grant shall otherwise prescribe, be deemed advisory only, and shall not preclude the trustees or their successors from making such changes as new conditions may, from time to time, require.
(f) The place or places where the necessary buildings shall be erected, and the general character thereof. The grantor may provide in the grant for all other things necessary or proper to carry out the purposes of the grant, or otherwise, by his last will or testament.
(Enacted by Stats. 1976, Ch. 1010.)
Last modified: October 25, 2018