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155.20 – Larceny; value of stolen property

§ 155.20 Larceny; value of stolen property.

For the purposes of this title, the value of property shall be
ascertained as follows:

  1. Except as otherwise specified in this section, value means the
    market value of the property at the time and place of the crime, or if
    such cannot be satisfactorily ascertained, the cost of replacement of
    the property within a reasonable time after the crime.
  2. Whether or not they have been issued or delivered, certain written
    instruments, not including those having a readily ascertainable market
    value such as some public and corporate bonds and securities, shall be
    evaluated as follows:

    (a) The value of an instrument constituting an evidence of debt, such
    as a check, draft or promissory note, shall be deemed the amount due or
    collectable thereon or thereby, such figure ordinarily being the face
    amount of the indebtedness less any portion thereof which has been

    (b) The value of a ticket or equivalent instrument which evidences a
    right to receive a transportation, entertainment or other service shall
    be deemed the price stated thereon, if any; and if no price is stated
    thereon the value shall be deemed the price of such ticket or equivalent
    instrument which the issuer charges the general public.

    (c) The value of any other instrument which creates, releases,
    discharges or otherwise affects any valuable legal right, privilege or
    obligation shall be deemed the greatest amount of economic loss which
    the owner of the instrument might reasonably suffer by virtue of the
    loss of the instrument.

  3. Where the property consists of gas, steam, water or electricity,
    which is provided for charge or compensation, the value shall be the
    value of the property stolen in any consecutive twelve-month period.
  4. When the value of property cannot be satisfactorily ascertained
    pursuant to the standards set forth in subdivisions one and two of this
    section, its value shall be deemed to be an amount less than two hundred
    fifty dollars.
Criminal Laws NY

Criminal Laws NY