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N.Y. Penal Law § 165.55

Criminal possession of stolen property; presumptions

Applied in 4 court decisions — leading case People v. Lloyd (2014)

Most recently applied in People v. Bailey (May 2021)

2014-09-22

§ 165.55 Criminal possession of stolen property; presumptions.\n 1. A person who knowingly possesses stolen property is presumed to\npossess it with intent to benefit himself or a person other than an\nowner thereof or to impede the recovery by an owner thereof.\n 2. A collateral loan broker or a person in the business of buying,\nselling or otherwise dealing in property who possesses stolen property\nis presumed to know that such property was stolen if he obtained it\nwithout having ascertained by reasonable inquiry that the person from\nwhom he obtained it had a legal right to possess it.\n 3. A person who possesses two or more stolen credit cards, debit cards\nor public benefit cards is presumed to know that such credit cards,\ndebit cards or public benefit cards were stolen.\n 4. A person who possesses three or more tickets or equivalent\ninstrument for air transportation service, which tickets or instruments\nwere stolen by reason of having been obtained from the issuer or agent\nthereof by the use of one or more stolen or forged credit cards, is\npresumed to know that such tickets or instruments were stolen.\n

Official source: NYS Open Legislation (New York State Senate). Reproduced from public-domain New York statutes; confirm against the official source for the current text. Not legal advice.