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The operative word is GRAND theft. This signifies it is a felony offense. If it was not, it would be called PETITtheft. The questioner did not include their state. Unable to determine which state's Code he is referring to.

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Q: What is the Penal code for Grand theft and is it a felony?
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What is penal code 487?

If you are in California it is Grand Theft (Theft over $400). A felony.


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