In New York State, this particular offense entails knowingly possessing stolen property with a price under $1,000. For instance, somebody knowingly retaining a stolen bicycle price $500 might face this cost. The “fifth diploma” designation signifies its place inside the hierarchy of property-related crimes, indicating a much less extreme offense in comparison with greater levels involving better property values or different aggravating components.
This authorized distinction serves to categorize offenses and tailor penalties appropriately. Its presence within the authorized code helps shield people from property theft and establishes a framework for restitution and justice. The historic growth of such legal guidelines displays a societal curiosity in safeguarding property rights and deterring theft. By defining and addressing this particular degree of offense, the authorized system goals to create a extra simply and equitable society for all.