§ 5-10.2-9-23 — Notice to scrutinized company with inactive business operations

Indiana § 5-10.2-9-23

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

Text

(a) Each fund (before July 1, 2011) or the
board shall send to each scrutinized company:
(1) that is identified under section 22 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 contents of this chapter and a statement
encouraging the company to continue to refrain from initiating active
business operations in Sudan until the company is able to avoid
scrutinized business operations altogether.
(b) The fund (before July 1, 2011) or board shall continue to
correspond on a semiannual basis with scrutinized companies in which
a fund has direct or indirect holdings and that have only inactive
business operations.

Legislative History

As added by P.L.149-2007, SEC.3. Amended by P.L.35-2012, SEC.56.