Section 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 same product at
  the  time  in  the  locality,  or  of  the  membership  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 a price greater by four times than the market  value  of
  the  same  product  at  the time in the locality, must contain 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;  and  such
  note,  in  the  hands of any purchaser or holder, is subject to the same
  defenses as in the hands of the original owner or holder.