Post# of 193785
Next 10
Send PM
Followers 223
Posts 18287
Boards Moderated 2
Alias Born 12/02/2014

Re: dade post# 192733

Thursday, 07/28/2022 10:05:30 AM

Thursday, July 28, 2022 10:05:30 AM

Post# of 193785
$PCTL It's my understanding that Auctus is deeply concerned about this development!
The Basile Law Firm P.C. Announces That it Has Secured a 6 to 1 Majority Landmark Decision by New York's Highest Court Confirming That New York's Criminal Usury Law is Applicable to Convertible Promissory Notes.

So yes I know your thinking well that is in New York so LOL.

The landmark decision was rendered by the New York Court of Appeals in the case Adar Bays, LLC v. GeneSYSID, Inc., No. 51, 2021 BL 393765 (N.Y. Oct. 14, 2021). This is a major decision that will affect the legality of certain financial instruments, including convertible promissory notes, and a legal shift that issuers and shareholders alike can benefit from.

The recent decision by the New York Court of Appeals currently only applies to transactions that are governed by New York law, including its usury statutes. However, other states, "such as Massachusetts", Florida, and California, have similar usury statutes and whose courts often turn to the New York Court of Appeals for guidance on interpretation of usury laws (https://www.thebasilelawfirm.com/post/new-york-s-highest-court-rules-convertible-notes-subject-to-criminal-usury-laws).
[/color]



The First Native The Pilgrims Met Asked 'Where's The Beer?'


Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 2M
  • 3M
  • 6M
  • 1Y
  • 2Y
  • 3Y
  • 5Y
Recent PCTL News

ILUS Confirms Its First Investment Project in Serbia ILUS Sep 26, 2022 12:23 PM

Thunder Energies Engages Geological Experts For Gold and Minerals Assessment TNRG Sep 26, 2022 9:56 AM

CERRADO GOLD CONFIRMS OVER 250 METRES OF MINERALIZED STRIKE AT GOGO´ DA ONC¸A EXPLORATION TARGET AT ITS MONTE DO CARMO PROJECT, BRAZIL CRDOF Sep 26, 2022 9:45 AM

HealthLynked Announces Upgrades to its MedOfficeDirect Ecommerce Site for Discount Medical Supplies HLYK Sep 23, 2022 8:00 AM

ResGreeen Uses Open-Source Robot Operating System (ROS) to Enhance Integration and Simulation for LilBuddy AMR RGGI Sep 22, 2022 1:58 PM

Branded Legacy, Inc. Partners With Apple Rush Company, Inc. BLEG Sep 22, 2022 12:31 PM

Good Gaming Inc. Sells Out Its Water Bear PFP Mint In Only 45 Minutes With The Premiere of The Genesis Collections GMER Sep 22, 2022 9:15 AM

TRU Opens Up New Copper-Gold-Silver Discovery at Golden Rose TRUIF Sep 22, 2022 9:04 AM

PSYC's Spotlight Media Corp to Host MJBizCon Kickoff Party at Brooklyn Bowl Las Vegas PSYC Sep 22, 2022 8:30 AM

SFLMaven: New NFT Metaverse Jewelry Pieces to Be Released in Q3 2022 SFLM Sep 22, 2022 6:30 AM

Ludwig Files A Patent That Could Be a Major Technology Breakthrough in Healthcare LUDG Sep 22, 2022 12:00 AM

New Break Discusses Fresh Collaborative Approach to Exploring the Moray Property NBRK Sep 21, 2022 12:14 PM

Trend Innovations Holding Inc. discusses its plans to develop a web version of the news aggregator Thy News TREN Sep 21, 2022 9:00 AM

Branded Legacy, Inc. Opens New Corporate Office BLEG Sep 21, 2022 8:53 AM

UAV CORP (UMAV) TO DEMONSTRATE ISRAEL AEROSPACE INDUSTRIES, LTD.'S HD CAMERA SENSOR PAYLOAD ON UPCOMING TEST FLIGHTS UMAV Sep 21, 2022 8:30 AM