This New York State statute defines grand larceny in the fourth degree. It encompasses various scenarios involving the unlawful taking of property, exceeding a specified monetary threshold, or involving specific types of property regardless of value. For instance, it applies when the value of the stolen property exceeds $1,000, or when the property consists of a public record, a credit card, debit card, or certain types of firearms. An example would be stealing merchandise from a store with a total value of $1,001, or taking a credit card from someone’s purse.
This provision serves as a crucial component of New York’s legal framework for addressing theft. Its importance lies in establishing clear boundaries between misdemeanor and felony offenses, thereby dictating the severity of potential penalties. Historically, the statute has evolved to reflect societal changes in property values and the types of assets most vulnerable to theft, ensuring the law remains relevant and effective in deterring and punishing larceny.
