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2011 Oregon Revised Statutes
ORS Volume 9, Chapters 326 - 365
ORS Chapter 351
351.250 Account for revenues from intellectual property.


OR Rev Stat § 351.250 (through Leg Sess 2011) What's This?

Moneys received by the board as a result of ownership or management of property acquired under ORS 351.220 to 351.250 or of transactions regarding such property shall be credited to a designated account in the Oregon University System Fund established by ORS 351.506 and shall only be applied by the State Board of Higher Education to payment of the agreed share, if any, to assignors, and for the advancement of research or for the acquisition and development of intellectual property, or both. Interest earned by the account shall be credited to the account. [1953 c.332 5; 1989 c.966 35; 2009 c.762 9]

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