65A-14-202 - Reservation of economic interests -- Agreement to negotiate in good faith. - Utah Statutes

65A-14-202. Reservation of economic interests -- Agreement to negotiate in goodfaith.
(1) The right of a person to engage in an act of bioprospecting in this state is subject tothe 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 geneticproperties 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 partof the registration required under Section 65A-14-201, does not agree in writing to negotiate ingood faith with the state if the state asserts an economic interest described in Subsection (1).

Enacted by Chapter 21, 2010 General Session