2014 New York Laws
GBS - General Business
Article 29-D - (550 - 554) NOTES GIVEN FOR PATENT RIGHTS AND FOR A SPECULATIVE CONSIDERATION
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 more times than the fair market
  value of the same product at the time in the locality, or in  which  the
  consideration  shall be in whole or in part, membership of and rights in
  an association, company or combination  to  produce  or  sell  any  farm
  product  at  a  fictitious rate, or of a contract or bond to purchase or
  sell any farm product at such rate, without having the words "given  for
  a  speculative  consideration" or other words clearly showing the nature
  of the consideration prominently and legibly written or printed  on  the
  face  of  such  note  above  the  signature  thereof,  is  guilty  of  a
  misdemeanor.