N.Y. Penal Law Section 155.42
Grand larceny in the first degree


A person is guilty of grand larceny in the first degree when he steals property and when the value of the property exceeds one million dollars. Grand larceny in the first degree is a class B felony. * NB Effective until July 19, 2024 * § 155.42 Grand larceny in the first degree. A person is guilty of grand larceny in the first degree when: ** 1. such person steals property and when; or * NB There are 2 sb 1’s ** 1. The value of the property exceeds one million dollars; or ** NB There are 2 sb 1’s ** 2. The property consists of retail goods or merchandise stolen pursuant to a common scheme or plan or a single, ongoing intent to deprive another or others of the property or to appropriate the property to the actor or another person and the value of the property exceeds one million dollars, which value may be determined by the aggregate value of all such property regardless of whether the goods or merchandise were stolen from the same owner. Nothing in this subdivision shall be read to limit the ability to aggregate the value of any property or the ability to charge the larceny of retail goods or merchandise under another applicable provision of law. ** NB There are 2 sb 2’s ** 2. such person commits deed theft, regardless of the value, of (a) residential real property that is occupied as a home by at least one person; or

(b)

residential real property that involves a home that is owned by an elderly person, an incompetent, an incapacitated person, or physically disabled person; or

(c)

three or more residential real properties. ** NB There are 2 sb 2’s Grand larceny in the first degree is a class B felony. * NB Effective July 19, 2024

Source: Section 155.42 — Grand larceny in the first degree, https://www.­nysenate.­gov/legislation/laws/PEN/155.­42 (updated Apr. 26, 2024; accessed Jun. 15, 2024).

Accessed:
Jun. 15, 2024

Last modified:
Apr. 26, 2024

§ 155.42’s source at nysenate​.gov

Link Style