§ 5-10.2-9-21 — Identification of scrutinized companies

Indiana § 5-10.2-9-21

• Jurisdiction: Indiana
• Title 5: STATE AND LOCAL ADMINISTRATION
• Art. 10.2: PUBLIC RETIREMENT AND DISABILITY
• Ch. 9: Sudan Divestment

Text

(a) Not later than March 30, 2008, the board
shall make a good faith effort to identify all scrutinized companies in
which a fund has direct or indirect holdings.
(b) In carrying out its responsibilities under subsection (a), and at
the board's discretion, the board may use existing research or contract
with a research firm.
(c) A board or a research firm with which the board contracts under
subsection (b) may take any of the following actions:
(1) Review publicly available information regarding companies
with business operations in Sudan.
(2) Contact other institutional investors that invest in companies
with business operations in Sudan.
(3) Contact asset managers contracted by the fund that invest in
companies with business operations in Sudan.
(d) Not later than the first meeting of the board after March 30,
2008, the board shall compile the names of all scrutinized companies
into a scrutinized company list and indicate whether each scrutinized
company has active or inactive business operations in Sudan.
(e) The board shall update its scrutinized company list at least on an
annual basis based on evolving information from sources described in
subsections (b) and (c).

Legislative History

As added by P.L.149-2007, SEC.3. Amended by P.L.35-2012, SEC.54.