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?Petty? theft or petty larceny is the charge of stealing something below a certain value. Usually a misdemeanor, in Oklahoma, this is stolen property worth less than $500. The courts use market value to determine the value of the property. Grand Theft is stealing property worth more than $500.
Grand larceny in Oklahoma is taking property worth $1000 or more, or the taking of firearms worth any amount of money, or the taking of other property directly from the person of another regardless of its value. All other larceny is petit larceny.
Grand larceny is a felony punishable by imprisonment in the custody of the Department of Corrections not exceeding five (5) years, a fine not exceeding Five Thousand Dollars ($5,000.00), or by both such fine and imprisonment if the value of the property is One Thousand Dollars ($1,000.00) or more and if the value of
Petit Larceny is considered the lowest theft offense in Oklahoma. If the value of the stolen property is less than $1,000 and it wasn't taken from someone's person, the theft is categorized as petit larceny. In Oklahoma, petit larceny is considered a misdemeanor.
These elements are: First, taking; Second, carrying away; Third, of (personal property)/(one or more firearms);
Punishment for petit larceny. Petit larceny shall be punishable by a fine of not less than Ten Dollars ($10.00) or more than Five Hundred Dollars ($500.00), or imprisonment in the county jail not to six (6) months, or by both such fine and imprisonment, at the discretion of the court.
What Is Grand Larceny? Grand larceny occurs when the value of the stolen property is more than $1,000 or when something has been stolen from someone's person (it doesn't matter what the value is). In Oklahoma, grand larceny is a felony.
In Oklahoma, grand larceny is a felony punishable up to five years in prison if the value of the property stolen is $1,000 or more.