{"jurisdiction": "us-ny", "code": "penal", "section": "165.54", "citation": "Penal Law § 165.54", "heading": "Criminal possession of stolen property in the first degree", "text": ["§ 165.54 Criminal possession of stolen property in the first degree.", "A person is guilty of criminal possession of stolen property in the first degree when he knowingly possesses stolen property, with intent to benefit himself or a person other than an owner thereof or to impede the recovery by an owner, and when the value of the property exceeds one million dollars.", "Criminal possession of stolen property in the first degree is a class B felony."], "official_source": "https://www.nysenate.gov/legislation/laws/PEN/165.54", "from_official_api": true, "plain_english": "A person commits first-degree criminal possession of stolen property by **knowingly possessing stolen property worth more than $1,000,000**, intending to benefit someone other than the owner or hinder the owner’s recovery. ★ It is a **class B felony**.", "in_force_on": "2026-05-31", "retrieved": "2026-09-27", "url": "https://elyphived.com/us-ny/penal/165.54", "publisher": "Elyphived LLC"}