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Rhode Island General Laws Title 35. Public Finance § 35-10.3-3. Identification of companies

Current as of January 01, 2022 | Updated by FindLaw Staff

<Text of section expires on July 1, 2018. See Historical Note.>

(a) Within ninety (90) days following the effective date of this chapter, the public fund shall make its best efforts to identify all scrutinized companies in which the public fund has direct or indirect holdings or could possibly have such holdings in the future. Such efforts shall include, as appropriate:

(1) Reviewing and relying, as appropriate in the public fund's judgment, on publicly available information regarding companies with business operations in Iran, including information provided by nonprofit organizations, research firms, international organizations, and government entities; and/or

(2) Contacting asset managers contracted by the public fund that invest in companies with business operations in Iran; and/or

(3) Contacting other institutional investors that have divested from and/or engaged with companies that have business operations in Iran.

(b) By the first meeting of the public fund following the ninety (90) day period described in subsection (a), the public fund shall assemble all scrutinized companies identified into a “scrutinized companies list.”

(c) The public fund shall update the scrutinized companies list on an annual basis based on evolving information from, among other sources, those listed in subsection (a).

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Cite this article: FindLaw.com - Rhode Island General Laws Title 35. Public Finance § 35-10.3-3. Identification of companies - last updated January 01, 2022 | https://codes.findlaw.com/ri/title-35-public-finance/ri-gen-laws-sect-35-10-3-3/

Read this complete Rhode Island General Laws Title 35. Public Finance § 35-10.3-3. Identification of companies on Westlaw

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