§ 3838.4. Divestment
Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 72 P.S. Taxation and Fiscal AffairsEffective: November 3, 2022
Effective: November 3, 2022
72 P.S. § 3838.4
§ 3838.4. Divestment
(a) Initial divestment of direct holdings.--To the extent permitted under Federal law, the public fund shall sell, redeem, divest or withdraw from its direct holdings all securities of sanctioned Russian companies, sanctioned Belarusian companies, the government of Russia and the government of Belarus.
(b) Subsequent divestment of direct holdings.--Upon the determination that a foreign company meets the criteria as a sanctioned Russian company or a sanctioned Belarusian company after the effective date of this section, to the extent permitted under Federal law, the public fund shall sell, redeem, divest or withdraw from its direct holdings all securities of sanctioned Russian companies and sanctioned Belarusian companies.
Credits
2022, Nov. 3, P.L. 1970, No. 132, § 4, imd. effective.
72 P.S. § 3838.4, PA ST 72 P.S. § 3838.4
Current through Act 11 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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