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 to divestment by the system.

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Terms Used In Indiana Code 5-10.2-11-14

  • board: refers to the board of trustees of the Indiana public retirement system established by Indiana Code 5-10.2-11-2
  • business: means any of the following that exist for profit making purposes:

    Indiana Code 5-10.2-11-4

  • fund: refers to the following:

    Indiana Code 5-10.2-11-7

  • indirect holdings: means all securities of a business:

    Indiana Code 5-10.2-11-8

  • system: refers to the Indiana public retirement system established by Indiana Code 5-10.2-11-11
     (b) A notice sent under this section must:

(1) offer the business the opportunity to clarify the business’s boycott, divest from, or sanction Israel activity; and

(2) encourage the business, within ninety (90) days after the date of the written notice, to cease its boycott, divest from, or sanction Israel activity to avoid divestment by the system of the fund’s holdings in the business.

As added by P.L.177-2016, SEC.1.

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