Pennsylvania § 3502 Engaging in investment activities

Pennsylvania Statutes

§ 3502 — Engaging in investment activities

Pennsylvania § 3502

Title 62PROCUREMENT

PartPART II

Ch. 35IRAN-FREE PROCUREMENT

This text of Pennsylvania § 3502 (Engaging in investment activities) is published on Counsel Stack Legal Research, covering Pennsylvania primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

62 Pa. Cons. Stat. § 3502 (2026).

Text

A person or financial institution engages in an investment activity by doing any of the following:

(1)Providing goods or services worth at least $20,000,000, including oil tankers or transporters and liquefied natural gas tankers or transporters, to the energy-related activities of Iran, or products used to construct or maintain pipelines used to transport oil or liquefied natural gas for the energy sector of Iran.

(2)Extending at least $20,000,000 in credit to a person for 45 days or more if all of the following apply:

(i)The person uses the credit to provide goods or services to the energy sector in Iran.

(ii)The person is, at the time the financial institution or person extends credit, identified on a list created under section 3503 (relating to list of persons engaged in inves

Free access — add to your briefcase to read the full text and ask questions with AI

A person or financial institution engages in an investment activity by doing any of the following:

(1) Providing goods or services worth at least $20,000,000, including oil tankers or transporters and liquefied natural gas tankers or transporters, to the energy-related activities of Iran, or products used to construct or maintain pipelines used to transport oil or liquefied natural gas for the energy sector of Iran.

(2) Extending at least $20,000,000 in credit to a person for 45 days or more if all of the following apply:

(i) The person uses the credit to provide goods or

services to the energy sector in Iran.

(ii) The person is, at the time the financial institution or person extends credit, identified on a list created under section 3503 (relating to list of persons engaged in investment activities).

Legislative History

(Oct. 21, 2014, P.L.2517, No.149, eff. July 1, 2015) 2014 Amendment.Act 149 added section 3502. Cross References.Section 3502 is referred to in section 3503 of this title.