Grand larceny is larceny committed in either of the following cases:
1. When the property taken is of a value of One Thousand Dollars ($1,000.00) or greater; or
2. When such property, although not of a value of One Thousand Dollars ($1,000.00) or greater, 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; State Question No. 780, Initiative Petition No. 404, § 4, adopted at election held on November 8, 2016, eff. July 1, 2017; Laws 2018, c. 116, § 11, eff. Nov. 1, 2018.