Sec. 2270.0203. NOTICE TO LISTED COMPANY ENGAGED IN INACTIVE BUSINESS OPERATIONS. For each listed company identified under Section 2270.0202 that is engaged in only inactive scrutinized business operations, the investing entity shall send a written notice informing the company of this chapter and encouraging the company to continue to refrain from initiating active business operations in Sudan, in Iran, and with designated foreign terrorist organizations until it is able to avoid being considered a listed company. The investing entity shall continue the correspondence as the entity considers necessary, but is not required to initiate correspondence more often than semiannually.
Added by Acts 2007, 80th Leg., R.S., Ch. 1375 (S.B. 247), Sec. 2, eff. January 1, 2008.
Transferred, redesignated and amended from Government Code, Chapter 806 by Acts 2017, 85th Leg., R.S., Ch. 96 (S.B. 253), Sec. 4, eff. May 23, 2017.
Structure Texas Statutes
Subtitle F - State and Local Contracts and Fund Management
Chapter 2270 - Prohibition on Investing Public Money in Certain Investments
Subchapter E. Duties Regarding Investments
Section 2270.0201. Listed Companies
Section 2270.0202. Identification of Investment in Listed Companies
Section 2270.0203. Notice to Listed Company Engaged in Inactive Business Operations
Section 2270.0204. Actions Relating to Listed Company Engaged in Active Business Operations
Section 2270.0205. Actions Relating to Listed Company Complicit in Genocide
Section 2270.0206. Divestment of Assets
Section 2270.0207. Investments Exempted From Divestment
Section 2270.0208. Authorized Investment in Listed Companies