Indiana Statutes
§ 16-22-3-5 — Bids, proposals, or quotations submitted by trust
(a)This section applies to the award of a
contract under this chapter for the procurement of property by
acceptance of bids, proposals, or quotations.
(b)A bid, proposal, or quotation submitted by a trust (as defined in
IC 30-4-1-1(a)) must identify each:
(1)beneficiary of the trust; and
(2)settlor empowered to revoke or modify the trust.
[Pre-1993 Recodification Citation: 16-12.1-3-3.5.]
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Legislative History
As added by P.L.2-1993, SEC.5.
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