Sec. 24. (a) Each fund (before July 1, 2011) or the board shall send to each scrutinized company:
(1) that is identified under section 22 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 shall:
(1) offer the company the opportunity to clarify the company's Sudan related activities; and
(2) encourage the company, within ninety (90) days after the date of the written notice, to either:
(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.
As added by P.L.149-2007, SEC.3. Amended by P.L.35-2012, SEC.57.
Structure Indiana Code
Title 5. State and Local Administration
Article 10.2. Public Retirement and Disability Benefits
5-10.2-9-0.3. General Assembly Findings
5-10.2-9-1. "Active Business Operations"
5-10.2-9-3. "Business Operations"
5-10.2-9-5. "Complicit in Darfur Genocide"
5-10.2-9-6. "Cost of Divestment"
5-10.2-9-9. "Government of Sudan"
5-10.2-9-10. "Inactive Business Operations"
5-10.2-9-11. "Indirect Holdings"
5-10.2-9-12. "Marginalized Populations of Sudan"
5-10.2-9-13. "Military Equipment"
5-10.2-9-14. "Mineral Extraction Activities"
5-10.2-9-15. "Oil Related Activities"
5-10.2-9-16. "Power Production Activities"
5-10.2-9-18. "Scrutinized Company"
5-10.2-9-19. "Social Development Company"
5-10.2-9-20. "Substantial Action"
5-10.2-9-21. Identification of Scrutinized Companies
5-10.2-9-22. Identification of Holdings
5-10.2-9-23. Notice to Scrutinized Company With Inactive Business Operations
5-10.2-9-24. Notice to Scrutinized Company With Active Business Operations
5-10.2-9-25. Compliance by a Scrutinized Company
5-10.2-9-26. Divestment; Exemption for Certain Commingled Funds
5-10.2-9-27. Acquisition of Securities Containing Scrutinized Companies
5-10.2-9-28. Scrutinized Company Excluded From Federal Sanctions
5-10.2-9-29. Exclusion of Indirect Holdings in Actively Managed Investment Funds
5-10.2-9-30. Exclusion of Private Equity Funds
5-10.2-9-31. Report to Legislative Council
5-10.2-9-32. Expiration of Chapter
5-10.2-9-33. Exemption From Conflicting Statutory or Common Law Obligations
5-10.2-9-34. Cessation of Divestment and Reinvestment in Scrutinized Companies