Indiana Code 5-10.2-13-9. “Restricted investment product”
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Sec. 9. As used in this chapter, “restricted investment product” refers to an investment product that:
(A) that are not employed by the system; and
(1) is managed by one (1) or more persons:
Terms Used In Indiana Code 5-10.2-13-9
- 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
(B) in which the system on behalf of the fund owns investments together with investors other than the system; and
(2) holds investments in a restricted entity.
As added by P.L.104-2023, SEC.1.