§ 5-10.2-10-20 — Notice to scrutinized company with active business operations

Indiana § 5-10.2-10-20

• 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 active business operations;
a written notice concerning the contents of this chapter and a statement
indicating that a fund's holdings in the company may become subject
to divestment by the fund (before July 1, 2011) or system.
(b) A notice sent under this section must:
(1) offer the company the opportunity to clarify the company's
state sponsor of terror related activities; and
(2) encourage the company to:
(A) cease its scrutinized business operations; or
(B) convert the company's operations to inactive business
operations in order to avoid divestment by the fund (before July
1, 2011) or system of a fund's holdings in the company;
not later than one hundred eighty (180) days after the date of the
notice.

Legislative History

As added by P.L.67-2009, SEC.1. Amended by P.L.35-2012, SEC.73.