As used in this chapter, "restricted investment product" refers to an investment product that:

1. (1) is managed by one (1) or more persons:

   1. (A) that are not employed by the system; and
   2. (B) in which the system on behalf of the fund owns investments together with investors other than the system; and
2. (2) holds investments in a restricted entity.

As added by P.L.104-2023, SEC.1.