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.
5-10.2-10-24. Scrutinized Company Excluded From Federal Sanctions
Sec. 24. If the government of the United States declares that a company on the scrutinized company list with active business operations in a state sponsor of terror is excluded from any federal sanctions relating to a state sponsor of terror, the company is not subject to divestment or investment prohibition under this chapter. As […]
5-10.2-10-10.8. “Power Production Activities”
Sec. 10.8. As used in this chapter, “power production activities” means any business operation that involves a project commissioned by a state sponsor of terror whose purpose is to facilitate power generation and delivery. The term includes the following: (1) Establishing power generating plants or hydroelectric dams. (2) Selling or installing components for power generating […]
5-10.2-10-25. Exclusion of Indirect Holdings in a Private Market Fund
Sec. 25. Notwithstanding any provision to the contrary, sections 22 and 23 of this chapter do not apply to indirect holdings in a private market fund that includes a scrutinized company with active business operations in a state sponsor of terror. 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 […]