Indiana Code 5-10.2-10-13. “Scrutinized company”
(1) Both of the following apply to the company:
Terms Used In Indiana Code 5-10.2-10-13
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- business operations: means engaging in any commerce in any form in a state that sponsors terror. See Indiana Code 5-10.2-10-4
- company: means any of the following:
Indiana Code 5-10.2-10-5
- military equipment: means weapons, arms, or military defense supplies provided directly or indirectly to any force of a state sponsor of terror. See Indiana Code 5-10.2-10-10.2
- mineral extraction activities: means the exploration, extraction, processing, transporting, or wholesale sale of elemental minerals or associated metals or oxides, including:
Indiana Code 5-10.2-10-10.4
- oil related activities: includes :
Indiana Code 5-10.2-10-10.6
- 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. See Indiana Code 5-10.2-10-10.8
- social development company: means a company that is:
Indiana Code 5-10.2-10-14
- state sponsor of terror: means a country determined by the Secretary of State of the United States to have repeatedly provided support for acts of international terrorism. See Indiana Code 5-10.2-10-15
(i) a state sponsor of terror;
(ii) companies in which a state sponsor of terror has any direct or indirect equity share;
(iii) consortiums or projects commissioned by a state sponsor of terror; or
(iv) companies involved in consortiums or projects commissioned by a state sponsor of terror.
(B) Either:
(i) more than ten percent (10%) of the company’s revenues or assets is linked to a state sponsor of terror involve oil related activities or mineral extraction activities; or
(ii) more than ten percent (10%) of the company’s revenues or assets is linked to a state sponsor of terror involve power production activities.
(2) The company supplies military equipment to a state sponsor of terror, unless the company implements safeguards to prevent the use of the equipment by forces actively participating in an armed conflict in a state sponsor of terror. This subdivision does not apply to companies involved in the sale of military equipment solely to any internationally recognized peacekeeping force or humanitarian organization.
(b) The term does not include a social development company.
As added by P.L.67-2009, SEC.1.