Sec. 9.
If a scrutinized company does business with the government of Iran and the fiduciary is subject to the divestment provisions of section 13d of the public employee retirement system investment act, 1965 PA 314, MCL 38.1133d, for that period of time the fiduciary shall follow the divestment criteria contained in section 13d of the public employee retirement system investment act, 1965 PA 314, MCL 38.1133d, and not the divestment provisions of this act.
History: 2008, Act 234, Imd. Eff. July 17, 2008
Structure Michigan Compiled Laws
Act 234 of 2008 - Divestment From Terror Act (129.291 - 129.301)
Section 129.291 - Short Title.
Section 129.292 - Definitions.
Section 129.293 - Scrutinized Companies; Identification by Fiduciary.
Section 129.295 - Internet Website; Collection and Publication of Information.
Section 129.296 - Exemption From Conflicting Statutory or Common Law Obligations.
Section 129.297 - Severability.
Section 129.300 - Applicability of Act; Dates; Extension.
Section 129.301 - Divestment of Funds; Recommendations of Department of Treasury.