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

   1. (1) that is identified under section 18 of this chapter as one in which a fund has direct or indirect holdings; and

   2. (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.

2. (b) Each fund (before July 1, 2011) or the board shall continue to correspond on a semiannual basis with scrutinized companies:

   1. (1) in which a fund has direct or indirect holdings; and
   2. (2) that have only inactive business operations.

As added by P.L.67-2009, SEC.1. Amended by P.L.35-2012, SEC.72.