SB 624 - This act modifies provisions relating to stealing.
STEALING - 570.010 & 570.030
Under this act, it is a Class B felony to physically take or attempt to take property from a person when the property is owned by or in the custody of a financial institution. Physically taking property from a person is currently a Class D felony, unless the property is $25,000 or more in which case it is a Class C felony.
Financial institution is defined as a bank, trust company, savings and loan association, or credit union.
This act is identical to SB 790 (2016), HB 1594 (2016), and SCS/HB 254 (2015).
FRAUDULENT PROCUREMENT OF A CREDIT OR DEBIT DEVICE - 570.135
This act adds an element to the crime of fraudulent procurement of a credit or debit device. Under the new element, a person commits the Class A misdemeanor if he or she knowingly possesses a fraudulently obtained credit or debit device.
Under current law, business entities must not be held liable for accepting fraudulent applications for credit or debt devices or using fraudulent credit or debit devices in transactions without clear and convincing evidence that the business conspired with the fraudulent procuring of the credit or debit devices. This act specifies that such entities must not be held criminally liable without such evidence.
This provision takes effect January 1, 2017.
This provision is similar to HB 1992 (2016).