Sec. 3. If: (1) a district disposes of real property or awards a contract for the procurement of property by acceptance of bids, proposals, or quotations; and (2) a bid, proposal, or quotation is submitted by a trust (as defined in IC 30-4-1-1 (a)); the bid, proposal, or quotation submitted by the trust must identify each beneficiary of the trust and each settlor empowered to revoke or modify the trust. [Pre-1995 Recodification Citation: 13-3-1-8(c).]
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