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New York Consolidated Laws Penal Law PEN 15530 Grand Larceny in the fourth degree Search New York Codes Search by Keyword or Citation. Grand larceny is typically defined as larceny of a more significant amount of property In the US it is often defined as an amount valued at least 400 In New York grand larceny refers to amounts of at least 1000 Grand larceny is often classified as a felony with the concomitant possibility of a harsher sentence.

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