Indiana Code 5-10.2-9-23. Notice to scrutinized company with inactive business operations
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Sec. 23. (a) Each fund (before July 1, 2011) or the board shall send to each scrutinized company:
(2) that has only inactive business operations;
(1) that is identified under section 22 of this chapter as one in which a fund has direct or indirect holdings; and
Terms Used In Indiana Code 5-10.2-9-23
- active business operations: means all business operations that are not inactive business operations. See Indiana Code 5-10.2-9-1
- board: refers to the board of trustees of the Indiana public retirement system established by Indiana Code 5-10.2-9-2
- business operations: means engaging in any commerce in any form in Sudan. See Indiana Code 5-10.2-9-3
- company: means any of the following:
Indiana Code 5-10.2-9-4
- fund: refers to the following:
Indiana Code 5-10.2-9-8
- inactive business operations: means the mere continued holding or renewal of rights to property previously operated to generate revenues but not presently deployed for such purpose. See Indiana Code 5-10.2-9-10
- indirect holdings: means all securities of a company:
Indiana Code 5-10.2-9-11
a written notice concerning the contents of this chapter and a statement encouraging the company to continue to refrain from initiating active business operations in Sudan until the company is able to avoid scrutinized business operations altogether.
(b) The fund (before July 1, 2011) or board shall continue to correspond on a semiannual basis with scrutinized companies in which a fund has direct or indirect holdings and that have only inactive business operations.
As added by P.L.149-2007, SEC.3. Amended by P.L.35-2012, SEC.56.