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Current as of January 01, 2026 | Updated by Findlaw Staff
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.
Cite this article: FindLaw.com - New York Consolidated Laws, General Business Law - GBS § 552. Notes given for patent-rights - last updated January 01, 2026 | https://codes.findlaw.com/ny/general-business-law/gbs-sect-552/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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