If you send Bitcoin to the address derived from this invalid private key (1NLqpZnW746xjdAgnrTb56V4uZJiV4jjrU), the funds will be associated with that address.  However, since the private key is not valid, you won't be able to sign transactions to spend or transfer those funds.  In essence, the funds sent to that address would be irrecoverable.

Am I right?