12F.1 Legislative findings and intent. The general assembly is deeply concerned over the human rights situation in Sudan which calls for stepped-up international efforts to end the crisis in Sudan’s Darfur region, and concurs with United States policy which has officially declared that genocide is ongoing in the Sudan, and demands that the government of […]
12F.2 Definitions. As used in this chapter, unless the context otherwise requires: 1. “Active business operations” means all business operations that are not inactive business operations. 2. “Business operations” means engaging in commerce in any form in Sudan, including by acquiring, developing, maintaining, owning, selling, possessing, leasing, or operating equipment, facilities, personnel, products, services, personal […]
12F.3 Identification of companies — notice. 1. a. By July 1, 2007, 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 and shall create and make available to the public a scrutinized […]
12F.4 Prohibited investments — divestment. 1. The public fund shall not acquire publicly traded securities of a company on the public fund’s most recent scrutinized companies list with active business operations so long as such company remains on the public fund’s scrutinized companies list as a company with active business operations as provided in this […]
12F.5 Reports. 1. Scrutinized companies list. Each public fund shall, within thirty days after the scrutinized companies list is created or updated as required by section 12F.3, make the list available to the public. 2. Annual report. On October 1, 2008, and each October 1 thereafter, each public fund shall make available to the public, […]
12F.6 Legal obligations. With respect to actions taken in compliance with this chapter, including all good faith determinations regarding companies as required by this chapter, the public fund shall be exempt from any conflicting statutory or common law obligations, including any such obligations in respect to choice of asset managers, investment funds, or investments for […]
12F.7 Applicability. The requirements of sections 12F.3, 12F.4, and 12F.5 of this chapter shall not apply upon the occurrence of any of the following: 1. The Congress or president of the United States declares that the Darfur genocide has been halted for at least twelve months. 2. The United States revokes all sanctions imposed against […]
