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.
5-10.2-11-10. “Restricted Business”
Sec. 10. As used in this chapter, “restricted business” means a business that engages in boycott, divest from, or sanction Israel activity. As added by P.L.177-2016, SEC.1.
5-10.2-11-11. “System”
Sec. 11. As used in this chapter, “system” refers to the Indiana public retirement system established by IC 5-10.5-2-1. As added by P.L.177-2016, SEC.1.
5-10.2-11-12. Identification of Restricted Businesses
Sec. 12. (a) Not later than January 31, 2017, the board shall make a good faith effort to identify all restricted businesses in which a fund has direct or indirect holdings. (b) In carrying out its responsibilities under subsection (a), and at the board’s discretion, the board may use existing research or contract with a […]
5-10.2-11-13. Identification of Holdings
Sec. 13. After the board creates or updates the restricted business list under section 12 of this chapter, the board shall immediately identify the businesses on the restricted business list in which a fund has direct or indirect holdings. As added by P.L.177-2016, SEC.1.
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, […]
5-10.2-11-14. Notice to Restricted Businesses Concerning Possible Divestment
Sec. 14. (a) The board shall send to each restricted business that is identified under section 13 of this chapter as a business in which a fund has direct or indirect holdings a written notice concerning the contents of this chapter and a statement indicating that the fund’s holdings in the business may become subject […]
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 […]