This New York State statute defines grand larceny within the fourth diploma. It encompasses varied situations involving the illegal taking of property, exceeding a specified financial threshold, or involving particular forms of property no matter worth. As an example, it applies when the worth of the stolen property exceeds $1,000, or when the property consists of a public report, a bank card, debit card, or sure forms of firearms. An instance could be stealing merchandise from a retailer with a complete worth of $1,001, or taking a bank card from somebody’s purse.
This provision serves as a vital part of New York’s authorized framework for addressing theft. Its significance lies in establishing clear boundaries between misdemeanor and felony offenses, thereby dictating the severity of potential penalties. Traditionally, the statute has developed to replicate societal modifications in property values and the forms of belongings most susceptible to theft, guaranteeing the legislation stays related and efficient in deterring and punishing larceny.
