Indiana Code 5-10.2-9-25. Compliance by a scrutinized company
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Sec. 25. (a) If, within ninety (90) days after a fund‘s (before July 1, 2011) or the system‘s first engagement with a company under section 24 of this chapter, the company ceases scrutinized business operations, the company shall be removed from a fund’s scrutinized company list and the provisions of sections 26, 27, 28, and 29 of this chapter shall cease to apply to the company unless the company resumes scrutinized business operations.
(b) If, within ninety (90) days after a fund (before July 1, 2011) or the system first engages with a company under section 24 of this chapter, the company converts its scrutinized active business operations to inactive business operations, the company shall be subject to the provisions of section 23 of this chapter.
As added by P.L.149-2007, SEC.3. Amended by P.L.35-2012, SEC.58.
Terms Used In Indiana Code 5-10.2-9-25
- active business operations: means all business operations that are not inactive business operations. See Indiana Code 5-10.2-9-1
- 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
- scrutinized company: means a company that meets any of the following criteria:
Indiana Code 5-10.2-9-18
- system: refers to the Indiana public retirement system established by Indiana Code 5-10.2-9-20.5