(A) Neither the Retirement System Investment Commission or the State Treasurer may invest funds with a person that is identified on a list created pursuant to Section 11-57-310 as a person engaging in investment activities in Iran as described in Section 11-57-300.
(B) Any existing investments in violation of subsection (A) as of the effective date of this act, must be divested within one hundred twenty days of the effective date of this act.
HISTORY: 2014 Act No. 267 (H.3021), Section 1, eff September 7, 2014.
Structure South Carolina Code of Laws
Chapter 57 - Iran Divestment Act
Section 11-57-10. Short title.
Section 11-57-30. Definitions.
Section 11-57-40. Chapter inapplicable to certain procurements or contracts.
Section 11-57-50. Failure to comply with chapter not grounds for protest.
Section 11-57-300. Investment activities in Iran.
Section 11-57-320. Exception to contract prohibition on case-by-case basis.
Section 11-57-500. Ineligibility to contact with political subdivisions.
Section 11-57-710. Exception to investment prohibition on case-by-case basis.
Section 11-57-720. Fiduciary responsibilities.