Nevada § 231.1593 - Commercialization revenue: Authority of Executive Director to enter into agreement for allocation with research university or Desert Research Institute; deposit in Account
Full text of Nevada Nevada Revised Statutes § 231.1593 — Commercialization revenue: Authority of Executive Director to enter into agreement for allocation with research university or Desert Research Institute; deposit in Account, with citation guidance and answers to common questions.
§ 231.1593. Commercialization revenue: Authority of Executive Director to enter into agreement for allocation with research university or Desert Research Institute; deposit in Account
1. The Executive Director may enter into agreements, when the Executive Director deems
such an agreement to be appropriate, with the research universities and the Desert
Research Institute for the allocation of commercialization revenue between the Office,
the research universities and the Desert Research Institute. Any commercialization revenue received by the Office pursuant to such an agreement
must be deposited in the Knowledge Account created by NRS 231.1592 . 2. In consideration of the money and services provided or agreed to be provided by
the Office, the research universities and the Desert Research Institute shall agree
to allocate commercialization revenue in accordance with any agreement entered into
pursuant to subsection 1. 3. As used in this section, “ commercialization revenue ” means dividends, realized capital gains, license fees, royalty fees and other revenues
received by a research university or the Desert Research Institute as a result of
commercial applications developed as a result of the programs established pursuant
to NRS 231.1591 to 231.1597 , inclusive, less: (a) The portion of those revenues allocated to the inventor; and (b) Expenditures incurred by the research university or the Desert Research Institute
to legally protect the intellectual property.
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 231.1593
What does Nevada Revised Statutes § 231.1593 cover?
Section 231.1593 ("Commercialization revenue: Authority of Executive Director to enter into agreement for allocation with research university or Desert Research Institute; deposit in Account") is part of the Nevada Revised Statutes, the codified statutory law of Nevada. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Nevada § 231.1593?
A common citation format is "Nevada Revised Statutes § 231.1593" (Nevada). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Nevada law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Nevada official source linked on this page or consult a licensed Nevada attorney.
How does Nevada § 231.1593 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Nevada can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Nevada.