IC 5-10.2-9-23: Notice to scrutinized company with inactive business operations

Sec. 23. (a) Each fund (before July 1, 2011) or the board shall send to each scrutinized company:

(1) that is identified under section 22 of this chapter as one in which a fund has direct or indirect holdings; and

(2) that has only inactive business operations;

a written notice concerning the contents of this chapter and a statement encouraging the company to continue to refrain from initiating active business operations in Sudan until the company is able to avoid scrutinized business operations altogether.

(b) The fund (before July 1, 2011) or board shall continue to correspond on a semiannual basis with scrutinized companies in which a fund has direct or indirect holdings and that have only inactive business operations.