N.Y. General Business Law Section 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.

Source: Section 552 — Notes given for patent-rights, https://www.­nysenate.­gov/legislation/laws/GBS/552 (updated Sep. 22, 2014; accessed Oct. 26, 2024).

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Accessed:
Oct. 26, 2024

Last modified:
Sep. 22, 2014

§ 552’s source at nysenate​.gov

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