Section 8-1.5-3-4.5 - Application of section; bid, proposal, or quotation submitted by trust(a) This section applies to the award of a contract 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.As added by P.L. 336-1989 (ss), SEC.19.