§ 750.274Note; fraudulent signature; knowingly purchasing, collection

Sec. 274.
    Purchasing and attempting to collect a note, knowing signature was fraudulently obtained
 —Any person who shall receive into his possession for collection or sale or who shall
 purchase any promissory note, bill of exchange, due bill, order, contract, or paper writing
 whatever, obtained in the manner mentioned in the preceding section of this chapter, knowing
 the same to have been obtained with the intent to cheat and defraud, and any person who shall
 take any steps to collect any promissory note, bill of exchange, due bill, order, contract, paper
 or writing whatever, knowing the signature to have been obtained by fraud, with intent to
 cheat and defraud, shall be guilty of a felony, punishable by imprisonment in the state prison
 not more than 10 years, or by fine of not more than 5,000 dollars.