Indiana Statutes
§ 5-10.2-13-13 — Divestment
Indiana·Title 5 STATE AND LOCAL ADMINISTRATION·Art. 10.2 PUBLIC RETIREMENT AND DISABILITY·Ch. 13 Divestment From Chinese Companies
If the board determines after a review under section 12 of this chapter that the system has investments in a restricted entity or a restricted investment product, the board shall establish a plan to divest the investment and complete the divestment as soon as financially prudent. However, the investment must be divested not later than the following:
(1)At least fifty percent (50%) of the investment shall be
removed from a fund's assets within three (3) years after the board
discovers that the investment is in a restricted entity or restricted
investment product.
(2)At least seventy-five percent (75%) of the investment shall be
removed from a fund's assets within four (4) years after the board
discovers that the investment is in a restricted entity or restricted
investment product.
(3)On
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Legislative History
As added by P.L.104-2023, 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Repealed§ 5-1-10-1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