IC 8-23-2-11: Application of section; surplus property; trust bid

Sec. 11. (a) This section applies to the disposal of surplus real or personal property by the department.

(b) Whenever surplus real property or personal property is disposed of by acceptance of bids, a bid 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.