Sec. 25.5. Notwithstanding any provision to the contrary, sections 22 and 23 of this chapter do not apply to indirect holdings in actively managed investment funds. However, if a fund has indirect holdings in actively managed investment funds containing the securities of scrutinized companies with active business operations, the fund (before July 1, 2011) or board shall submit letters to the managers of the investment funds requesting that the managers remove the scrutinized companies with active business operations from the fund or create a similar actively managed fund with indirect holdings without scrutinized companies with active business operations. If the manager creates a similar fund, the fund (before July 1, 2011) or board shall replace all applicable investments with investments in the similar fund in a period consistent with prudent investing standards.
As added by P.L.67-2009, SEC.1. Amended by P.L.35-2012, SEC.77.
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