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

Indiana Statutes

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

Indiana § 5-22-3-5

Title 5STATE AND LOCAL ADMINISTRATION

Art. 22PUBLIC PURCHASING

Ch. 3General Provisions

This text of Indiana § 5-22-3-5 (Offers submitted by trusts) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ind. Code § 5-22-3-5 (2026).

Text

(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.