Indiana Code 5-10.2-13-11. Prohibition on investment in restricted entities
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Terms Used In Indiana Code 5-10.2-13-11
- divest: means a sale, redemption, replacement, or any other activity that terminates the investment. See Indiana Code 5-10.2-13-4
- fund: refers to any public pension and retirement funds of the system (as defined in Indiana Code 5-10.2-13-5
- investment: refers to any investment that the board or system is authorized to make under Indiana Code 5-10.2-13-6
- restricted entity: refers to the following, including wholly owned subsidiaries, majority owned subsidiaries, parent companies, and affiliates that exist for profit-making purposes:
Indiana Code 5-10.2-13-8
- system: has the meaning set forth in Indiana Code 5-10.2-13-10
Sec. 11. After June 30, 2023, the system may not knowingly invest in a restricted entity or a restricted investment product and shall divest any investment that the system has on behalf of a fund in accordance with this chapter. Determinations under this chapter are independent of any determinations made under IC 5-10.2-9, IC 5-10.2-10, and IC 5-10.2-11.
As added by P.L.104-2023, SEC.1.