(b) The requirements of section 11 of this chapter shall apply to existing investments in private market funds.(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.
Indiana Legal Code