Sec. 2270.0205. ACTIONS RELATING TO LISTED COMPANY COMPLICIT IN GENOCIDE. (a) In this section, "complicit" has the meaning assigned by Section 2270.0051.
(b) For each company identified under Section 2270.0202 that has been complicit, the investing entity shall send a written notice informing the company of its listed company status and warning the company that it may become subject to divestment by the investing entity.
(c) The notice must require the listed company to refrain from taking any further action that would make it complicit.
(d) If, after receiving the notice under Subsection (b), the listed company takes additional action that makes the company complicit, the investing entity shall sell, redeem, divest, or withdraw all publicly traded securities of the company, except securities described by Section 2270.0207, according to the schedule provided by Section 2270.0206.
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