Bids; Criteria

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Sec. 2. Whenever surplus real property or personal property is disposed of by acceptance of bids, a bid submitted by a trust must identify each:

(1) beneficiary of the trust; and

(2) settlor empowered to revoke or modify the trust.

[Pre-2007 Higher Education Recodification Citation: 20-12-5-5(b) part.]

As added by P.L.2-2007, SEC.277.


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