Grand larceny is larceny committed in either of the following cases:

1. 1. When the property taken is of value exceeding One Thousand Dollars ($1,000.00); or

2. 2. When such property, although not of value exceeding One Thousand Dollars ($1,000.00), is taken from the person of another.

   Larceny in other cases is petit larceny.

R.L. 1910, § 2655; Amended by Laws 1982, HB 1137, c. 277, § 4, eff. October 1, 1982; Amended by Laws 2001, SB 397, c. 437, § 10, emerg. eff. July 1, 2001 (superseded document available); Amended by Laws 2016, HB 2751, c. 221, § 16, eff. November 2016 (superseded document available).