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§ 5-10-2-11-19 — Indiana Law | CourtGPT
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  6. Chapter 11 - Divestment Related to Boycott Of, Divestment From, or Sanctions of Israel5-10.2-11-1. General Assembly Findings/
  7. § 5-10-2-11-19
Indiana Legal Code

§ 5-10-2-11-19

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However, if a fund has indirect holdings in an actively managed investment fund containing the securities of restricted businesses, the board shall submit letters to the managers of the actively managed investment fund requesting that the managers remove the restricted businesses from the actively managed investment fund or create a similar actively managed investment fund with indirect holdings without restricted businesses. If the managers create a similar actively managed investment fund, the board shall replace all applicable investments with investments in the similar actively managed investment fund in a period consistent with prudent investing standards.As added by P.L.177-2016, SEC.1.