Knowingly taking possession of lost property valued between $1500 and $2500 is which offense?

• A. Theft of Lost Property (2nd Degree), felony class C
• B. Theft of Property (2nd Degree), felony class C
• C. Theft of Lost Property (1st Degree), felony class B
• D. Theft of Property (1st Degree), felony class B

Answer: (A)

Lost property has its own theft offense, and the degree and felony class depend on the property's value. If someone knowingly takes possession of lost property that’s worth between 1,500 and 2,500 dollars, the offense is Theft of Lost Property in the 2nd Degree, a Class C felony. The key point is that the property is lost (not simply someone else’s property), so the statute for lost property applies rather than the generic theft statute. The value range you have matches the 2nd Degree category, which is why this option is the best fit. The other formulations mix in non-lost-property theft or assign a higher degree/class that corresponds to greater value, which doesn’t fit the scenario.