Notice to scrutinized company with inactive business

operations Sec. 19. (a) Each fund (before July 1, 2011) or the board shall send to each scrutinized company: (1) that is identified under section 18 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 provisions of this chapter and a statement encouraging the company to continue to refrain from initiating active business operations in a state sponsor of terror until the company is able to avoid scrutinized business operations altogether. (b) Each fund (before July 1, 2011) or the board shall continue to correspond on a semiannual basis with scrutinized companies: (1) in which a fund has direct or indirect holdings; and (2) that have only inactive business operations. As added by P.L.67-2009, SEC.1. Amended by P.L.35-2012, SEC.72.