New York § 552 Notes given for patent-rights

New York Statutes

§ 552 — Notes given for patent-rights

New York § 552

Law GBSGeneral Business

Art. 29-DNotes Given For Patent Rights and For a Speculative Consideration

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Bluebook

N.Y. General Business § 552 (2026).

Text

  § 552. Notes given for patent-rights. A person who takes, sells or\ntransfers a negotiable promissory note within article three of the\nuniform commercial code, knowing the consideration of such note to\nconsist in whole or in part, of the right to make, use or sell, any\npatent invention or inventions, or any invention claimed or represented\nto be patented, without having the words "given for a patent-right"\nwritten or printed legibly and prominently on the face of such note\nabove the signature thereto, is guilty of a misdemeanor.\n

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§ 552. Notes given for patent-rights. A person who takes, sells or\ntransfers a negotiable promissory note within article three of the\nuniform commercial code, knowing the consideration of such note to\nconsist in whole or in part, of the right to make, use or sell, any\npatent invention or inventions, or any invention claimed or represented\nto be patented, without having the words "given for a patent-right"\nwritten or printed legibly and prominently on the face of such note\nabove the signature thereto, is guilty of a misdemeanor.\n