Sec. 14. (a) The board shall send to each restricted business that is identified under section 13 of this chapter as a business in which a fund has direct or indirect holdings a written notice concerning the contents of this chapter and a statement indicating that the fund's holdings in the business may become subject to divestment by the system.
(b) A notice sent under this section must:
(1) offer the business the opportunity to clarify the business's boycott, divest from, or sanction Israel activity; and
(2) encourage the business, within ninety (90) days after the date of the written notice, to cease its boycott, divest from, or sanction Israel activity to avoid divestment by the system of the fund's holdings in the business.
As added by P.L.177-2016, SEC.1.
Structure Indiana Code
Title 5. State and Local Administration
Article 10.2. Public Retirement and Disability Benefits
Chapter 11. Divestment Related to Boycott Of, Divestment From, or Sanctions of Israel
5-10.2-11-1. General Assembly Findings
5-10.2-11-3. "Boycott, Divest From, or Sanction Israel Activity"
5-10.2-11-5. "Cost of Divestment"
5-10.2-11-6. "Direct Holdings"
5-10.2-11-8. "Indirect Holdings"
5-10.2-11-10. "Restricted Business"
5-10.2-11-12. Identification of Restricted Businesses
5-10.2-11-13. Identification of Holdings
5-10.2-11-14. Notice to Restricted Businesses Concerning Possible Divestment
5-10.2-11-15. Compliance by Restricted Business
5-10.2-11-16. Divestment; Exemption for Certain Passively Managed Comingled Funds
5-10.2-11-17. Acquisition of Securities of Businesses on Restricted Business List
5-10.2-11-18. Restricted Business Excluded From Federal Sanctions
5-10.2-11-19. Exclusion of Indirect Holdings in Actively Managed Investment Funds
5-10.2-11-20. Investment in Private Equity Partnership
5-10.2-11-21. Report to General Assembly
5-10.2-11-22. Expiration of Chapter
5-10.2-11-23. Exemption From Conflicting Statutory or Common Law Obligations
5-10.2-11-25. Immunity; Indemnification of the Fund and Its Agents