Indiana Code 5-10.2-10-25. Exclusion of indirect holdings in a private market fund
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Terms Used In Indiana Code 5-10.2-10-25
- active business operations: means all business operations that are not inactive business operations. See Indiana Code 5-10.2-10-2
- 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
- indirect holdings: means all securities of a company that are:
Indiana Code 5-10.2-10-10
- 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
Sec. 25. Notwithstanding any provision to the contrary, sections 22 and 23 of this chapter do not apply to indirect holdings in a private market fund that includes a scrutinized company with active business operations in a state sponsor of terror.
As added by P.L.67-2009, SEC.1.