Sec. 20. (a) Each fund (before July 1, 2011) or the board shall send to each scrutinized company:
(1) that is identified under section 18 of this chapter as one in which a fund has direct or indirect holdings; and
(2) that has active business operations;
a written notice concerning the contents of this chapter and a statement indicating that a fund's holdings in the company may become subject to divestment by the fund (before July 1, 2011) or system.
(b) A notice sent under this section must:
(1) offer the company the opportunity to clarify the company's state sponsor of terror related activities; and
(2) encourage the company to:
(A) cease its scrutinized business operations; or
(B) convert the company's operations to inactive business operations in order to avoid divestment by the fund (before July 1, 2011) or system of a fund's holdings in the company;
not later than one hundred eighty (180) days after the date of the notice.
As added by P.L.67-2009, SEC.1. Amended by P.L.35-2012, SEC.73.
Structure Indiana Code
Title 5. State and Local Administration
Article 10.2. Public Retirement and Disability Benefits
Chapter 10. Divestment From States That Sponsor Terror
5-10.2-10-0.3. General Assembly Findings
5-10.2-10-1. Requirements for Mandatory Divestment
5-10.2-10-2. "Active Business Operations"
5-10.2-10-4. "Business Operations"
5-10.2-10-6. "Cost of Divestment"
5-10.2-10-7. "Direct Holdings"
5-10.2-10-9. "Inactive Business Operations"
5-10.2-10-10. "Indirect Holdings"
5-10.2-10-10.2. "Military Equipment"
5-10.2-10-10.4. "Mineral Extraction Activities"
5-10.2-10-10.6. "Oil Related Activities"
5-10.2-10-10.8. "Power Production Activities"
5-10.2-10-11. "Private Market Fund"
5-10.2-10-12. "Scrutinized Business Operations"
5-10.2-10-13. "Scrutinized Company"
5-10.2-10-14. "Social Development Company"
5-10.2-10-15. "State Sponsor of Terror"
5-10.2-10-16. "Substantial Action"
5-10.2-10-17. Identification of Scrutinized Companies
5-10.2-10-18. Identification of Holdings
5-10.2-10-19. Notice to Scrutinized Company With Inactive Business Operations
5-10.2-10-20. Notice to Scrutinized Company With Active Business Operations
5-10.2-10-21. Compliance by a Scrutinized Company
5-10.2-10-22. Divestment; Exemption for Certain Commingled Funds
5-10.2-10-23. Acquisition of Securities Containing Scrutinized Companies
5-10.2-10-24. Scrutinized Company Excluded From Federal Sanctions
5-10.2-10-25. Exclusion of Indirect Holdings in a Private Market Fund
5-10.2-10-25.5. Exclusion of Indirect Holdings in Actively Managed Investment Funds
5-10.2-10-26. Report to Legislative Council
5-10.2-10-27. Expiration of Chapter
5-10.2-10-28. Exemption From Conflicting Statutory or Common Law Obligations
5-10.2-10-29. Immunity; Liability of the Fund and Its Agents