Sec. 25. (a) If, within ninety (90) days after a fund's (before July 1, 2011) or the system's first engagement with a company under section 24 of this chapter, the company ceases scrutinized business operations, the company shall be removed from a fund's scrutinized company list and the provisions of sections 26, 27, 28, and 29 of this chapter shall cease to apply to the company unless the company resumes scrutinized business operations.
(b) If, within ninety (90) days after a fund (before July 1, 2011) or the system first engages with a company under section 24 of this chapter, the company converts its scrutinized active business operations to inactive business operations, the company shall be subject to the provisions of section 23 of this chapter.
As added by P.L.149-2007, SEC.3. Amended by P.L.35-2012, SEC.58.
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