Section 5-10.2-10-20 - Notice to scrutinized company with active 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 active business operations; a written notice concerning the contents of this chapter and a statement indicating that a fund's holdings in the company may become subject to divestment by the fund (before July 1, 2011) or system.
(b) A notice sent under this section must:(1) offer the company the opportunity to clarify the company's state sponsor of terror related activities; and(2) encourage the company to:(A) cease its scrutinized business operations; or(B) convert the company's operations to inactive business operations in order to avoid divestment by the fund (before July 1, 2011) or system of a fund's holdings in the company; not later than one hundred eighty (180) days after the date of the notice.
Amended by P.L. 35-2012, SEC. 73, eff. 7/1/2012.As added by P.L. 67-2009, SEC.1.