Bids, proposals, or quotations submitted by a trust

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Indiana Code › Title 14 › Article 32 › Chapter 5 › Section 14-32-5-3

This text was captured on Aug 14, 2026. It is a snapshot, not a live feed, so check the official code before relying on it.

Text

Sec. 3. If:

(1) a district disposes of real property or awards a contract for the procurement of property by acceptance of bids, proposals, or quotations; and

(2) a bid, proposal, or quotation is submitted by a trust (as defined in IC 30-4-1-1(a));

the bid, proposal, or quotation submitted by the trust must identify each beneficiary of the trust and each settlor empowered to revoke or modify the trust.

[Pre-1995 Recodification Citation: 13-3-1-8(c).]

As added by P.L.1-1995, SEC.25. Amended by P.L.136-1997, SEC.29.

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