South Dakota § 4-5-49 Identification of holdings in scrutinized companies.

South Dakota Statutes

§ 4-5-49 — Identification of holdings in scrutinized companies.

South Dakota·Title 4 PUBLIC FISCAL ADMINISTRATION·Ch. 4-3 CUSTODY AND INVESTMENT OF STATE FUNDS

Within ninety days following July 1, 2010, the State Investment Council shall make its best efforts to identify all scrutinized companies in which it has direct holdings. These efforts shall include, as appropriate:

(1)Reviewing and relying, as appropriate, on publicly available information regarding companies with business operations in Iran, including information provided by nonprofit organizations, research firms, international organizations, and government entities;

(2)Contacting asset managers contracting with the State Investment Council who invest in companies with business operations in Iran; and (3) Contacting other institutional investors that have divested from or engaged with companies with business operations in Iran.

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Within ninety days following July 1, 2010, the State Investment Council shall make its best efforts to identify all scrutinized companies in which it has direct holdings. These efforts shall include, as appropriate: (1) Reviewing and relying, as appropriate, on publicly available information regarding companies with business operations in Iran, including information provided by nonprofit organizations, research firms, international organizations, and government entities; (2) Contacting asset managers contracting with the State Investment Council who invest in companies with business operations in Iran; and (3) Contacting other institutional investors that have divested from or engaged with companies with business operations in Iran.

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