Section 30-2-12-1 - Application of chapter(a) This chapter applies to an institutional fund in existence after June 30, 2007.(b) For an institutional fund in existence before July 1, 2007, this chapter applies only to decisions made or actions taken after June 30, 2007.As added by P.L. 268-1989, SEC.1. Amended by P.L. 226-2007, SEC.7.