First, obtaining;

Second, a signature to any written instrument;

Third, of another;

Fourth, by means of a false negotiable paper of a nonexistent banking company/corporation;

Fifth, known by the defendant to be false;

Sixth, with intent to defraud.

Committee Comments

The Commission has interpreted section 1544 to create a crime with identical elements to the crime created by section 1542 except that the deception must be accomplished by means of a false negotiable paper purportedly issued on a bank which is, in fact, nonexistent.