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Indiana Code Title 5. State and Local Administration § 5-10.2-10-20

Current as of January 01, 2026 | Updated by Findlaw Staff

Sec. 20. (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.

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Cite this article: FindLaw.com - Indiana Code Title 5. State and Local Administration § 5-10.2-10-20 - last updated January 01, 2026 | https://codes.findlaw.com/in/title-5-state-and-local-administration/in-code-sect-5-10-2-10-20/

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