§ 750.277Promise to vendee of grain to sell at fictitious price; sale and transfer

Sec. 277.
     Sale and transfer of note, etc., signature to which was procured as consideration for
 promise to vendee of grain to sell at fictitious price—Any person who shall sell, barter or
 dispose of, either for his own benefit or as the agent of any corporation, company, association
 or person, any bond, bill, receipt, promissory note, draft, check or other evidence of
 indebtedness, knowing the same to have been obtained as the whole or part consideration for
 any bond, contract, agreement, or promise given to the vendee of any grain, seed or cereals,
 binding the vendor or any other person, corporation, company or association, or agent thereof,
 to sell for such vendee any grain, seed or cereals, at a fictitious price, or at a price equal to or
 more than twice the market price of such grain, seed, or cereals, shall be guilty of a felony.