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2013 New York Consolidated Laws
GBS - General Business
Article 29-D - (550 - 554) NOTES GIVEN FOR PATENT RIGHTS AND FOR A SPECULATIVE CONSIDERATION
552 - Notes given for patent-rights.


NY Gen Bus L § 552 (2012) What's This?
 
    §  552.  Notes  given  for patent-rights. A person who takes, sells or
  transfers a negotiable promissory  note  within  article  three  of  the
  uniform  commercial  code,  knowing  the  consideration  of such note to
  consist in whole or in part, of the right to  make,  use  or  sell,  any
  patent  invention or inventions, or any invention claimed or represented
  to be patented, without having the  words  "given  for  a  patent-right"
  written  or  printed  legibly  and  prominently on the face of such note
  above the signature thereto, is guilty of a misdemeanor.

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