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155.40 – Grand larceny in the second degree

§ 155.40 Grand larceny in the second degree.

A person is guilty of grand larceny in the second degree when he
steals property and when:

  1. The value of the property exceeds fifty thousand dollars; or
  2. The property, regardless of its nature and value, is obtained by
    extortion committed by instilling in the victim a fear that the actor or
    another person will (a) cause physical injury to some person in the
    future, or (b) cause damage to property, or (c) use or abuse his
    position as a public servant by engaging in conduct within or related to
    his official duties, or by failing or refusing to perform an official
    duty, in such manner as to affect some person adversely.

    Grand larceny in the second degree is a class C felony.

Criminal Laws NY