Rice v. Miller

21 Misc. 3d 573
CourtNew York Supreme Court
DecidedAugust 28, 2008
StatusPublished
Cited by1 cases

This text of 21 Misc. 3d 573 (Rice v. Miller) is published on Counsel Stack Legal Research, covering New York Supreme Court primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Rice v. Miller, 21 Misc. 3d 573 (N.Y. Super. Ct. 2008).

Opinion

[574]*574OPINION OF THE COURT

John M. Curran, J.

This matter came before the court upon a motion by plaintiff Corinne Rice for an order requiring defendant Clean Air Technologies International, Inc. (hereinafter CATI) to deliver to her two patents held by CATI. Specifically, plaintiff Corinne Rice seeks an order compelling CATI to produce the original U.S. letters patents for the two patents owned or held by CATI, all documents of registration and confirmation for the two patents, and all documents representing or relating to each of the patents.

Upon due consideration, the court grants the motion for an order requiring CATI to deliver to counsel for Mrs. Rice the original U.S. letters patents for the two patents owned or held by CATI, along with all documents of registration and confirmation of the two patents of which defendants have possession, upon condition that no interest in the patents shall be sold, transferred, used as collateral or otherwise disposed of by Mrs. Rice absent further order of the court.

Background and Procedural History

Mrs. Rice is the holder of a term loan note executed by CATI in August 2001 in the amount of $30,000 (Cantwell affidavit, exhibit A). Due to a default in payment of that note, in September 2007 Mrs. Rice obtained a judgment against CATI in the amount of $40,841.11 (see Cantwell affidavit, exhibit B).

Mrs. Rice also has a security interest in certain property owned by CATI under a general security agreement executed by CATI on August 21, 2001 (see Cantwell affidavit, exhibit C [hereinafter security agreement]). The security agreement provides in part:

“Debtor hereby grants to Secured Party a security interest (Security Interest) in and to all property of the following types, wherever located and whether now/owned or hereafter owned or acquired by Debtor, . . . including WITHOUT LIMITATION, all property described in any schedule from [ti]me to time delivered by Debtor to Secured Party: Equipment; Fixtures; Inventory; Accounts; Chattel Paper; Documents; Instruments; Investment Property and General Intangibles (Collateral).” (Security agreement 1i 1 [emphasis added].)

According to plaintiffs, an event of default has occurred under the security agreement, and Mrs. Rice therefore contends that [575]*575she is entitled by the terms of the security agreement to take possession of the collateral. She specifically seeks delivery of documents evidencing any patents owned or held by CATI (see Cantwell affidavit, exhibit E). Paragraph 10 (c) of the security agreement provides:

“Secured Party’s rights and remedies with respect to the Collateral shall be those of a Secured Party under the Uniform Commercial Code and under any other applicable law, as the same may from time to time be in effect, in addition to those rights granted herein .... Upon the existence or occurrence of an event of default, Secured Party may require Debtor to assemble the collateral and make it available to Secured Party . . . and Secured Party may use and operate the Collateral.”

CATI owns an interest in two patents

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Related

Grogan v. Harvest Capital Co. (In re Grogan)
476 B.R. 270 (D. Oregon, 2012)

Cite This Page — Counsel Stack

Bluebook (online)
21 Misc. 3d 573, Counsel Stack Legal Research, https://law.counselstack.com/opinion/rice-v-miller-nysupct-2008.