Section 4-13.6-5-2.5 - Application of section; sealed bid or quotation submitted by trust(a) This section applies whenever a contract is awarded by competitive sealed bidding or acceptance of quotations.(b) A bid 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.As added by P.L. 336-1989 (ss), SEC.10.