Section 184B. No blood bank, so-called, shall be established and maintained in the commonwealth except by a hospital licensed by the department under the provisions of section fifty-one. The American Red Cross, the Center for Blood Research, Inc., federal hospitals, and hospitals operated by the department of public health may establish and maintain a blood bank, provided that such blood bank is approved by the commissioner and the public health council as meeting all applicable regulations developed under the authority of this chapter.

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Any violation of this section shall be punished by a fine of not more than five hundred dollars or the revocation of the right to establish and maintain a blood bank, or both.