As used in this chapter, "cost of divestment" means the sum of the following:

1. (1) The costs associated with the sale, redemption, divestment, or withdrawal of an investment.
2. (2) The costs associated with the acquisition and maintenance of a replacement investment.
3. (3) A cost not described in subdivision (1) or (2) that is incurred by the fund (before July 1, 2011) or system in connection with a divestment transaction.

As added by P.L.67-2009, SEC.1. Amended by P.L.35-2012, SEC.66.