Indiana § 5-22-3-5 Offers submitted by trusts

Indiana Statutes

§ 5-22-3-5 — Offers submitted by trusts

Indiana·Title 5 STATE AND LOCAL ADMINISTRATION·Art. 22 PUBLIC PURCHASING·Ch. 3 General Provisions

(a)This section applies whenever a trust submits an offer to a governmental body to do either of the following:

(1)Enter into a contract with the governmental body.

(2)Purchase surplus property from the governmental body under this article.

(b)As used in this section, "trust" has the meaning set forth in IC 30-4-1-1(a).

(c)An offer submitted by a trust must identify all of the following:

(1)Each beneficiary of the trust.

(2)Each settlor empowered to revoke or modify the trust.

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(a) This section applies whenever a trust submits
an offer to a governmental body to do either of the following:
(1) Enter into a contract with the governmental body.
(2) Purchase surplus property from the governmental body under
this article.
(b) As used in this section, "trust" has the meaning set forth in IC 30-4-1-1(a).
(c) An offer submitted by a trust must identify all of the following:
(1) Each beneficiary of the trust.
(2) Each settlor empowered to revoke or modify the trust.

Indiana § 5-22-3-5 (Offers submitted by trusts) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.