Oregon Revised Statutes Chapter 326 § 326.540 — Revenue from intellectual property; Board of Education Invention Fund; purpose
Oregon Revised Statutes Chapter 326 ·
Oregon Code § 326.540·Enacted ·Last updated March 01, 2026
Statute Text
Revenue from intellectual property; Board of Education Invention Fund; purpose.
(1) Moneys received by the State
Board of Education as a result of ownership or management of property acquired
under ORS 326.520 or of transactions regarding such property shall be deposited
in the State Treasury and credited to a special fund separate and distinct from
the General Fund to be known as the Board of Education Invention Fund.
(2) The moneys in
the Board of Education Invention Fund are continuously appropriated to the
board for the following purposes:
(a) To pay the
agreed share of an assignor of intellectual property.
(b) For the
advancement of research in an institution under its control.
(c) For the
acquisition, management or development of intellectual property. [Formerly
326.106; 2005 c.755 §18]
REAL PROPERTY
Plain English Explanation
This Oregon statute addresses Revenue from intellectual property; Board of Education Invention Fund; purpose. AI-powered analysis coming soon.
Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 326.540
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
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