Indiana Code 5-10.2-10-19. Notice to scrutinized company with inactive business operations
(1) that is identified under section 18 of this chapter as one in which a fund has direct or indirect holdings; and
Terms Used In Indiana Code 5-10.2-10-19
- active business operations: means all business operations that are not inactive business operations. See Indiana Code 5-10.2-10-2
- board: refers to the board of trustees of the Indiana public retirement system established by Indiana Code 5-10.2-10-3
- business operations: means engaging in any commerce in any form in a state that sponsors terror. See Indiana Code 5-10.2-10-4
- company: means any of the following:
Indiana Code 5-10.2-10-5
- fund: refers to the following:
Indiana Code 5-10.2-10-8
- inactive business operations: means the mere continued holding or renewal of rights to property previously operated to generate revenues but not presently deployed for that purpose. See Indiana Code 5-10.2-10-9
- indirect holdings: means all securities of a company that are:
Indiana Code 5-10.2-10-10
- scrutinized business operations: means business operations that have caused a company to become a scrutinized company. See Indiana Code 5-10.2-10-12
- state sponsor of terror: means a country determined by the Secretary of State of the United States to have repeatedly provided support for acts of international terrorism. See Indiana Code 5-10.2-10-15
a written notice concerning the provisions of this chapter and a statement encouraging the company to continue to refrain from initiating active business operations in a state sponsor of terror until the company is able to avoid scrutinized business operations altogether.
(b) Each fund (before July 1, 2011) or the board shall continue to correspond on a semiannual basis with scrutinized companies:
(1) in which a fund has direct or indirect holdings; and
(2) that have only inactive business operations.
As added by P.L.67-2009, SEC.1. Amended by P.L.35-2012, SEC.72.