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Home » US Law » 2022 New York Laws » Consolidated Laws » GBS - General Business » Article 29-D - Notes Given for Patent Rights and for a Speculative Consideration

550 – Negotiable Notes Given for Patent Rights.

§ 550. Negotiable notes given for patent rights. Notwithstanding article three of the uniform commercial code, a negotiable promissory note, the consideration of which consists wholly or partly of the right to make, use or sell any invention claimed or represented by the vendor at the time of sale to be patented, must contain the […]

551 – Negotiable Notes Given for a Speculative Consideration.

§ 551. Negotiable notes given for a speculative consideration. Notwithstanding article three of the uniform commercial code, a negotiable promissory note, the consideration of which consists in whole or in part of the purchase price of any farm product, at a price greater by at least four times than the fair market value of the […]

552 – Notes Given for Patent-Rights.

§ 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 […]

553 – Notes Given for a Speculative Consideration.

§ 553. Notes given for a speculative consideration. 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 purchase price of any farm product at a price greater by four or […]

554 – Retention of Forged, Counterfeit or Spurious Documents or Negotiable Instruments Permitted.

§ 554. Retention of forged, counterfeit or spurious documents or negotiable instruments permitted. Any bank, banker, transfer agent, railroad, warehouseman or any other person charged with the issue, reissue, transfer or payment of any of the documents hereinafter described, in any spurious, counterfeit, forged, altered note, stock certificate, bond, debenture, check, draft, warrant, traveler’s check, […]