Indiana Statutes
§ 5-10.2-11-14 — Notice to restricted businesses concerning possible divestment
Indiana·Title 5 STATE AND LOCAL ADMINISTRATION·Art. 10.2 PUBLIC RETIREMENT AND DISABILITY·Ch. 11 Divestment Related to Boycott of, Divestment from, or
(a)The board shall send to each restricted
business that is identified under section 13 of this chapter as a business
in which a fund has direct or indirect holdings a written notice
concerning the contents of this chapter and a statement indicating that
the fund's holdings in the business may become subject to divestment
by the system.
(b)A notice sent under this section must:
(1)offer the business the opportunity to clarify the business's
boycott, divest from, or sanction Israel activity; and
(2)encourage the business, within ninety (90) days after the date
of the written notice, to cease its boycott, divest from, or sanction
Israel activity to avoid divestment by the system of the fund's
holdings in the business.
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Legislative History
As added by P.L.177-2016, SEC.1.
Nearby Sections
15
§ 5-1-1-1
Validation§ 5-1-1-2
Repealed§ 5-1-10-1
Issuance; purpose; restrictions§ 5-1-11-7
Restrictions on powers§ 5-1-11.5-1
"ADM"§ 5-1-11.5-2
"Bonds"§ 5-1-11.5-3
Application to certain school corporations§ 5-1-12-1
"Municipal corporation" defined