Grand larceny is larceny committed in either of the following cases:
1. When the property taken is of value exceeding One Thousand Dollars ($1,000.00); or
2. When such property, although not of value exceeding One Thousand Dollars ($1,000.00), is taken from the person of another.
Larceny in other cases is petit larceny.
R.L. 1910, § 2655. Amended by Laws 1982, c. 277, § 4, operative Oct. 1, 1982; Laws 2001, c. 437, § 10, eff. July 1, 2001; Laws 2016, c. 221, § 16, eff. Nov. 1, 2016.