5-10.2-10-28. Exemption From Conflicting Statutory or Common Law Obligations
Sec. 28. With respect to actions taken in compliance with this chapter, including all good faith determinations regarding companies on the scrutinized company list, a fund (before July 1, 2011) or the system is exempt from any conflicting statutory or common law obligations, including any obligations with respect to choice of asset managers, investment funds, […]
5-10.2-10-29. Immunity; Liability of the Fund and Its Agents
Sec. 29. (a) Both: (1) the state and its officers, agents, and employees; and (2) each fund (before July 1, 2011) or the system and its board members, executive director, officers, agents, and employees; are immune from civil liability for any act or omission related to the removal of an asset from a fund under […]
5-10.2-10-30. Severability
Sec. 30. The provisions of this chapter are severable in the manner provided in IC 1-1-1-8(b). As added by P.L.67-2009, SEC.1.
5-10.2-10-11. “Private Market Fund”
Sec. 11. As used in this chapter, “private market fund” means any: (1) private equity fund; (2) private equity fund of funds; (3) venture capital fund; (4) hedge fund; (5) hedge fund of funds; (6) real estate fund; or (7) investment vehicle; that is not publicly traded. As added by P.L.67-2009, SEC.1.
5-10.2-10-25.5. Exclusion of Indirect Holdings in Actively Managed Investment Funds
Sec. 25.5. Notwithstanding any provision to the contrary, sections 22 and 23 of this chapter do not apply to indirect holdings in actively managed investment funds. However, if a fund has indirect holdings in actively managed investment funds containing the securities of scrutinized companies with active business operations, the fund (before July 1, 2011) or […]
5-10.2-10-12. “Scrutinized Business Operations”
Sec. 12. As used in this chapter, “scrutinized business operations” means business operations that have caused a company to become a scrutinized company. As added by P.L.67-2009, SEC.1.
5-10.2-10-26. Report to Legislative Council
Sec. 26. (a) On or before November 1, 2010, and thereafter as directed by the legislative council, the board shall submit a report in an electronic format under IC 5-14-6 to the legislative council. Notwithstanding IC 5-14-6-4(b)(2), the submission of a report under this subsection to the executive director of the legislative services agency fulfills […]
5-10.2-10-13. “Scrutinized Company”
Sec. 13. (a) As used in this chapter, “scrutinized company” means a company that meets any of the following criteria: (1) Both of the following apply to the company: (A) The company has business operations that involve contracts with or the provision of supplies or services to: (i) a state sponsor of terror; (ii) companies […]
5-10.2-10-27. Expiration of Chapter
Sec. 27. The provisions of this chapter regarding any country determined to be a state sponsor of terror cease to apply to that country on the earlier of the following: (1) The date the Secretary of State of the United States removes the country from its official list of state sponsors of terrorism. (2) The […]
5-10.2-10-14. “Social Development Company”
Sec. 14. (a) As used in this chapter, “social development company” means a company that is: (1) licensed by the United States Department of Treasury under the Federal Trade Sanction Reform and Export Enhancement Act of 2000 (P.L. 106-387); or (2) lawfully operating under the laws of another country whose primary purpose in a state […]