Section 750.157n - Stealing, taking, or removing financial transaction device; possession of fraudulent or altered financial transaction device(1) A person who steals knowingly takes, or knowingly removes a financial transaction device from the person or possession of a deviceholder, or who knowingly retains, knowingly possesses, knowingly secretes, or knowingly uses a financial transaction device without the consent of the deviceholder, is guilty of a felony.(2) A person who knowingly possesses a fraudulent or altered financial transaction device is guilty of a felony.Add. 1967, Act 255, Eff. 11/2/1967 ;--Am. 1987, Act 276, Eff. 3/30/1988.