(at the request of Sam Pardue, CEO and founder of Indow Windows)
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Bill Title:
Relating to protecting the intellectual property rights of Oregon businesses; appropriating money.
Catchline/Summary:
Creates Oregon Intellectual Property Protection Corporation. Creates Oregon Intellectual Property Protection Corporation. Specifies composition of and qualifications for board of directors and powers of corporation. Specifies laws to which corporation is subject and from which corporation is exempt.
Establishes Oregon Intellectual Property Protection Fund. Continuously appropriates moneys in fund to corporation for purposes set forth in Act. Permits board of directors of corporation to invest moneys in fund subject to certain restrictions. Subjects fund to audit by Secretary of State.
Permits board of directors of corporation to establish program under which corporation accepts and pools contributions of moneys from Oregon businesses for purpose of providing legal defense and litigation assistance to protect intellectual property rights of Oregon businesses from infringement.
Chapter Number:
Fiscal Impact:
May Have Fiscal Impact, But No Statement Yet Issued
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SB 531 Senate Committee On General Government, Consumer and Small Business Protection
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