Current through the 2024 Third Special Session
Section 65A-14-202 - Reservation of economic interests - Agreement to negotiate in good faith(1) The right of a person to engage in an act of bioprospecting in this state is subject to the state's reservation of any right the state may have to an economic benefit derived from: (a) the act of bioprospecting;(b) a microorganism, plant, or fungus removed from a natural environment in the state; or(c) information concerning a microorganism's, plant's, or fungus' physical or genetic properties removed from a natural environment in the state.(2) A person may not engage in an act of bioprospecting in this state if the person, as part of the registration required under Section 65A-14-201, does not agree in writing to negotiate in good faith with the state if the state asserts an economic interest described in Subsection (1).Enacted by Chapter 21, 2010 General Session .