Sec. 21. (a) If, within one hundred eighty (180) days after a fund (before July 1, 2011) or the system first sends written notice to a company under section 20 of this chapter, the company ceases scrutinized business operations, the company shall be removed from a fund’s scrutinized company list, and sections 22, 23, 24, and 25 of this chapter do not apply to the company unless the company resumes scrutinized business operations.

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Terms Used In Indiana Code 5-10.2-10-21

  • active business operations: means all business operations that are not inactive business operations. See Indiana Code 5-10.2-10-2
  • 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

  • fund: refers to the following:

    Indiana Code 5-10.2-10-8

  • inactive business operations: means the mere continued holding or renewal of rights to property previously operated to generate revenues but not presently deployed for that purpose. See Indiana Code 5-10.2-10-9
  • scrutinized business operations: means business operations that have caused a company to become a scrutinized company. See Indiana Code 5-10.2-10-12
  • scrutinized company: means a company that meets any of the following criteria:

    Indiana Code 5-10.2-10-13

  • system: refers to the Indiana public retirement system established by Indiana Code 5-10.2-10-16.5
     (b) If, within one hundred eighty (180) days after a fund (before July 1, 2011) or the system first sends written notice to a company under section 20 of this chapter, the company converts its scrutinized active business operations to inactive business operations, the company is subject to section 19 of this chapter.

As added by P.L.67-2009, SEC.1. Amended by P.L.35-2012, SEC.74.

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