Sec. 14. If a board of managers disposes of real property or awards a contract for the procurement of property by acceptance of bids, proposals, or quotations, a bid, proposal, or quotation submitted by a trust (as defined in IC 30-4-1-1 (a)) must identify the following: (1) The beneficiary of the trust. (2) The settlor empowered to revoke or modify the trust. [Pre-1993 Recodification Citation: 16-11-1-4(c).]
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