Sec. 2. This article does not apply to any of the following:

(1) An approved postsecondary educational institution (as defined in IC 21-7-13-6(a)).

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(2) A technology transfer organization owned by or affiliated with an approved postsecondary educational institution (as defined in IC 21-7-13-6(a)).

(3) A licensee holding a patent from:

(A) an approved postsecondary educational institution (as defined in IC 21-7-13-6(a)); or

(B) a technology transfer organization owned by or affiliated with an approved postsecondary educational institution (as defined in IC 21-7-13-6(a));

if the patent has been licensed by the approved postsecondary educational institution (as defined in IC 21-7-13-6(a)) or technology transfer organization.

As added by P.L.172-2015, SEC.1.