Section 10-16-3-8 - Procurement of property by state or local armory board; trust bid, proposal, or quotation(a) This section applies if a contract for the procurement of property by the state armory board or a local armory board is awarded under this chapter 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-2003 Recodification Citation: 10-2-2-14.5.
As added by P.L. 2-2003, SEC.7.