Sec. 10. As used in this chapter, "indirect holdings" means all securities of a company that are:
(1) held in an account or a fund; and
(2) managed by one (1) or more persons:
(A) who are not employed by the fund (before July 1, 2011) or system; and
(B) in which the fund (before July 1, 2011) or the system on behalf of the fund owns shares or interests together with other investors not subject to this chapter.
As added by P.L.67-2009, SEC.1. Amended by P.L.35-2012, SEC.68.