Section 5-10.2-10-19 - Notice to scrutinized company with inactive business operations(a) Each fund (before July 1, 2011) or the board shall send to each scrutinized company: (1) that is identified under section 18 of this chapter as one in which a fund has direct or indirect holdings; and(2) that has only inactive business operations; 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.Amended by P.L. 35-2012, SEC. 72, eff. 7/1/2012.As added by P.L. 67-2009, SEC.1.