Determination of value
This law explains how to figure out what stolen or damaged property is worth. Usually, the value is what the item would sell for at the time it was stolen. If that price is hard to figure out, the value is what it would cost to replace it. For checks or notes that someone owes money on, the value is the amount still owed. For other legal documents, the value is the biggest financial loss the owner could suffer from losing that document. If no one can figure out the value any other way, the law treats it as being worth less than $750.
570.020. of value. — For the purposes of this chapter, the value of property shall be as follows:
(1) Except as otherwise specified in this section, "value" means the of the property at the time and place of the crime, or if such cannot be satisfactorily ascertained, the cost of replacement of the property within a reasonable time after the crime. If the victim is a , and the property is a type that the merchant sells in the ordinary course of business, then the property shall be valued at the price that such merchant would normally sell such property;
(2) Whether or not they have been issued or delivered, certain written s, not including those having a readily market value such as some public and corporate bonds and , shall be evaluated as follows:
(a) The value of an instrument constituting , such as a check, draft or , shall be the amount due or collectible thereon or thereby, such figure ordinarily being the of the less any portion thereof which has been satisfied;
(b) The value of any other instrument which creates, releases, discharges or otherwise affects any valuable , or obligation shall be deemed the greatest amount of economic loss which the owner of the instrument might reasonably suffer by virtue of the loss of the instrument;
(3) When the value of property cannot be satisfactorily ascertained the standards set forth in (1) and (2) of this section, its value shall be deemed to be an amount less than seven hundred fifty dollars.
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Source & history notes
(L. 1977 S.B. 60, A.L. 2002 H.B. 1888 merged with H.B. 2120, A.L. 2014 S.B. 491) Effective 1-01-17
Legal information, not legal advice. Always confirm with the official source at revisor.mo.gov.