{"jurisdiction": "us-ny", "code": "penal", "section": "165.55", "citation": "Penal Law § 165.55", "heading": "Criminal possession of stolen property; presumptions", "text": ["§ 165.55 Criminal possession of stolen property; presumptions.", "1. A person who knowingly possesses stolen property is presumed to possess it with intent to benefit himself or a person other than an owner thereof or to impede the recovery by an owner thereof.", "2. A collateral loan broker or a person in the business of buying, selling or otherwise dealing in property who possesses stolen property is presumed to know that such property was stolen if he obtained it without having ascertained by reasonable inquiry that the person from whom he obtained it had a legal right to possess it.", "3. A person who possesses two or more stolen credit cards, debit cards or public benefit cards is presumed to know that such credit cards, debit cards or public benefit cards were stolen.", "4. A person who possesses three or more tickets or equivalent instrument for air transportation service, which tickets or instruments were stolen by reason of having been obtained from the issuer or agent thereof by the use of one or more stolen or forged credit cards, is presumed to know that such tickets or instruments were stolen."], "official_source": "https://www.nysenate.gov/legislation/laws/PEN/165.55", "from_official_api": true, "plain_english": "The law creates these presumptions:\n- **(1)** A person who knowingly possesses stolen property **intends to benefit someone other than the owner or hinder the owner’s recovery**.\n- **(2)** A dealer or collateral loan broker possessing stolen property **knows it was stolen** if the dealer acquired it without reasonably checking the supplier’s legal right to possess it.\n- **(3)** Possession of **2 or more stolen credit, debit, or public benefit cards** means the person is presumed to know they were stolen. ★\n- **(4)** Possession of **3 or more stolen air-travel tickets obtained with stolen or forged credit cards** means the person is presumed to know they were stolen.", "in_force_on": "2026-05-31", "retrieved": "2026-09-27", "url": "https://elyphived.com/us-ny/penal/165.55", "publisher": "Elyphived LLC"}