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Ch. 39
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Martin O'Malley, Governor
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(b) On or before November 1, 2007, the Board of Trustees
shall prepare a list of all scrutinized companies identified under
subsection (a) of this section.
(c) The Board of Trustees shall update the list prepared
under subsection (b) of this section on a quarterly basis.
(a) For purposes of this section, actively managed
investment funds include private equity funds.
(b) (1) (i) For each compact identified in § 21-1A-03 of
Trustees shall;
1. send a written notice informing the
company of the provisions included in this subtitle; and
2. encourage the company to continue to
refrain from initiating active business operations in Sudan until it
is able to avoid all scrutinized business operations.
(h) The Board of Trustees shall send
correspondence described under subparagraph (i) of this
paragraph every 6 months.
(2) (i) For each company identified in § 21-lA-03 of
this subtitle with active business operations, the board of trustees
shall send a written notice informing the compact;
1. of its scrutinized compact status; and
2. that it may become subject to divestment
by the board of trustees.
(h) The notice shall offer the compact the
opportunity to clarify its Sudan related activities and shall
encourage the compact, within 90 days of receipt of the
correspondence, to either cease its scrutinized business operations
or convert such operations to inactive business operations in order
to avoid qualifying for divestment by the board of trustees.
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- 833 -
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