Application of section; surplus property; trust bid

Ind. Code § 8-23-2-11
in effect
Sign in to generate a plain English summaryAsk Belisarius Agent
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. As added by P.L.336-1989(ss), SEC.22.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://iga.in.gov/laws/2026/ic/titles/8Fetched: 10/17/2026

Starting a business in Indiana? Indiana LLC guide: costs and requirements