Indiana Statutes

§ 8-23-2-11 — Application of section; surplus property; trust bid

Indiana·Art. 23 INDIANA DEPARTMENT OF·Ch. 2 Indiana Department of Transportation
(a)This section applies to the disposal of surplus real or personal property by the department.
(b)Whenever surplus real property or personal property is disposed of by acceptance of bids, a bid 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.

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Legislative History

As added by P.L.336-1989(ss), SEC.22.

Nearby Sections

15
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