§ 5-10.2-10-19 — Notice to scrutinized company with inactive business operations

Indiana § 5-10.2-10-19

• Jurisdiction: Indiana
• Title 5: STATE AND LOCAL ADMINISTRATION
• Art. 10.2: PUBLIC RETIREMENT AND DISABILITY
• Ch. 10: Divestment From States That Sponsor Terror

Text

(a) Each fund (before July 1, 2011) or the
board shall send to each scrutinized company:
(1) that is identified under section 18 of this chapter as one in
which a fund has direct or indirect holdings; and
(2) that has only inactive business operations;
a written notice concerning the provisions of this chapter and a
statement encouraging the company to continue to refrain from
initiating active business operations in a state sponsor of terror until the
company is able to avoid scrutinized business operations altogether.
(b) Each fund (before July 1, 2011) or the board shall continue to
correspond on a semiannual basis with scrutinized companies:
(1) in which a fund has direct or indirect holdings; and
(2) that have only inactive business operations.

Legislative History

As added by P.L.67-2009, SEC.1. Amended by P.L.35-2012, SEC.72.