Indiana Code 5-10.2-13-18. Exclusions; investment in similar actively managed investment fund
Terms Used In Indiana Code 5-10.2-13-18
(c) Notwithstanding any provision to the contrary, sections 9 and 11 of this chapter do not apply to indirect holdings in actively managed investment funds.
(d) If a manager creates a similar actively managed investment fund without the restricted entities, the board shall replace all applicable investments with investment in the similar actively managed investment fund in a period consistent with prudent investing standards.
As added by P.L.104-2023, SEC.1.