Sec. 7. For purposes of this chapter, "person" includes a successor to, or an affiliate of, the person. As added by P.L.21-2012, SEC.4.
IC 5-22-16.5-8 Activities that qualify as engaging in investment activities in Iran; exception Sec. 8. (a) For purposes of this chapter, a person engages in investment activities in Iran if either of the following is true: (1) The person provides goods or services of twenty million dollars ($20,000,000) or more in value in the energy sector of Iran, including providing any of the following for the energy sector of Iran: (A) Oil or liquified natural gas tankers. (B) Products used to construct or maintain pipelines used to transport oil or liquified natural gas. (2) The person is a financial institution that extends twenty million dollars ($20,000,000) or more in credit to another person, for forty-five (45) days or more, if that other person: (A) will use the credit to provide goods or services in the energy sector in Iran; and (B) is, at the time the financial institution extends credit, a person identified on the list as a person engaging in investment activities in Iran under subdivision (1). (b) A person's investment contract with the Indiana public retirement system may not be used as the basis for making a determination under this chapter that the person is engaged in investment activities in Iran. As added by P.L.21-2012, SEC.4.