Management, development and disposition of intellectual property.
The State Board of Education may manage, develop or dispose of property acquired under ORS 326.520 (Acquisition of intellectual property by board) in any manner deemed by the board to be in the public interest. The board may contract with any person regarding such management, development or disposition.
If the board deems it inadvisable to proceed with the development or management of property acquired under ORS 326.520 (Acquisition of intellectual property by board), it may reassign such property to the person from whom it was acquired upon being compensated for any expenditure made on account of such property. [Formerly 326.104]