BISMARCK, N.D. (1/28/15)--The Credit Union Association of the Dakotas (CUAD) is tracking more than 30 bills--including one regarding patent "trolls"--in the North Dakota Legislative Assembly.
On Monday, Jeff Olson, CUAD executive vice president of government affairs, testified in favor of HB 1163, which relates to bad faith assertions of patent infringement and to provide a penalty (Memo Jan. 27).
Patent "trolls"--a nickname referring to nonpracticing entities--submit demand letters to credit unions and financial institutions to force settlements or payments for technology or services they have purchased as end users.
The bill received a unanimous "do pass" from the Industry, Business, and Labor Committee on Monday.
CUAD also sponsors the North Dakota "Legislature Today" radio show, which features live broadcasts every Monday evening during North Dakota's 80-day legislative session.
Freshman legislator and credit union leader Denton Zubke joined CUAD President/CEO Robbie Thompson during Monday's broadcast to discuss the patent troll bill and other legislation of interest to credit unions.
Zubke (R-Watford City) represents western North Dakota and is president/CEO of Dakota West CU, Watford City, N.D., with $225 million in assets.