Indiana § 14-32-5-3 - Bids, proposals, or quotations submitted by a trust
Full text of Indiana Indiana Code § 14-32-5-3 — Bids, proposals, or quotations submitted by a trust, with citation guidance and answers to common questions.
§ 14-32-5-3. Bids, proposals, or quotations submitted by a trust
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).]
As added by P.L.1-1995, SEC.25. Amended by P.L.136-1997, SEC.29.
Source: official Indiana text · Last verified 2026-08-27
Frequently Asked Questions About Indiana § 14-32-5-3
What does Indiana Code § 14-32-5-3 cover?
Section 14-32-5-3 ("Bids, proposals, or quotations submitted by a trust") is part of the Indiana Code, the codified statutory law of Indiana. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Indiana § 14-32-5-3?
A common citation format is "Indiana Code § 14-32-5-3" (Indiana). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Indiana law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Indiana official source linked on this page or consult a licensed Indiana attorney.
How does Indiana § 14-32-5-3 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Indiana can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Indiana.