5-10.2-11-1. General Assembly Findings
Sec. 1. The general assembly finds the following: (1) Mandatory divestment by the system of the system’s holdings in certain companies is a measure that should be employed only under extraordinary circumstances. (2) The Jewish state of Israel is the only democracy in the Middle East. (3) By virtue of shared values and interests, the […]
5-10.2-11-17. Acquisition of Securities of Businesses on Restricted Business List
Sec. 17. Except as provided in sections 18 and 19 of this chapter, the system shall not acquire for a fund securities of businesses on the restricted business list. As added by P.L.177-2016, SEC.1.
5-10.2-11-2. “Board”
Sec. 2. As used in this chapter, “board” refers to the board of trustees of the Indiana public retirement system established by IC 5-10.5-3-1. As added by P.L.177-2016, SEC.1.
5-10.2-11-3. “Boycott, Divest From, or Sanction Israel Activity”
Sec. 3. Except as provided in section 1(6) of this chapter, as used in this chapter, “boycott, divest from, or sanction Israel activity” means action or inaction that: (1) furthers; (2) coordinates with; or (3) acquiesces in; an effort by another person to penalize, inflict economic harm on, or otherwise limit commercial relations with the […]
5-10.2-11-4. “Business”
Sec. 4. (a) As used in this chapter, “business” means any of the following that exist for profit making purposes: (1) A sole proprietorship. (2) An organization. (3) An association. (4) A corporation. (5) A partnership. (6) A joint venture. (7) A limited partnership. (8) A limited liability partnership. (9) A limited liability company. (10) […]
5-10.2-11-5. “Cost of Divestment”
Sec. 5. As used in this chapter, “cost of divestment” means the sum of the following: (1) The costs associated with the sale, redemption, divestment, or withdrawal of an investment. (2) The costs associated with the acquisition and maintenance of a replacement investment. (3) A cost not described in subdivision (1) or (2) that is […]
5-10.2-11-6. “Direct Holdings”
Sec. 6. As used in this chapter, “direct holdings” means all securities of a business held directly by the system on behalf of a fund or in an account in which the system on behalf of a fund owns all shares or interests. As added by P.L.177-2016, SEC.1.
5-10.2-11-7. “Fund”
Sec. 7. As used in this chapter, “fund” refers to the following: (1) The Indiana state teachers’ retirement fund. (2) The public employees’ retirement fund. As added by P.L.177-2016, SEC.1.
5-10.2-11-8. “Indirect Holdings”
Sec. 8. As used in this chapter, “indirect holdings” means all securities of a business: (1) held in an account or a fund; and (2) managed by one (1) or more persons not employed by the system, in which the system owns shares or interests on behalf of a fund together with other investors not […]
5-10.2-11-9. “Research Firm”
Sec. 9. As used in this chapter, “research firm” means a reputable, neutral third party research firm not controlled by the system. As added by P.L.177-2016, SEC.1.