§ 155.20 Larceny; value of stolen property.
For the purposes of this title, the value of property shall
be ascertained as follows:
1. Except as otherwise specified in this section, value
means the market value of the property at the time and place of
the crime, or if such cannot be satisfactorily ascertained, the
cost of replacement of the property within a reasonable time
after the crime.
2. Whether or not they have been issued or delivered,
certain written instruments, not including those having a readily
ascertainable market value such as some public and corporate
bonds and securities, shall be evaluated as follows:
(a) The value of an instrument constituting an evidence
of debt, such as a check, draft or promissory note, shall be
deemed the amount due or collectable thereon or thereby, such
figure ordinarily being the face amount of the indebtedness
less any portion thereof which has been satisfied.
(b) The value of a ticket or equivalent instrument
which evidences a right to receive a transportation,
entertainment or other service shall be deemed the price
stated thereon, if any; and if no price is stated thereon the
value shall be deemed the price of such ticket or equivalent
instrument which the issuer charges the general public.
(c) The value of any other instrument which creates,
releases, discharges or otherwise affects any valuable legal
right, privilege or obligation shall be deemed the greatest
amount of economic loss which the owner of the instrument
might reasonably suffer by virtue of the loss of the
instrument.
3. Where the property consists of gas, steam, water or
electricity, which is provided for charge or compensation, the
value shall be the value of the property stolen in any
consecutive twelve-month period.
4. When the value of property cannot be satisfactorily
ascertained pursuant to the standards set forth in subdivisions
one and two of this section, its value shall be deemed to be an
amount less than two hundred fifty dollars.
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