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Can you summarize KYRS 434.580?
OFFENSES AGAINST PROPERTY BY FRAUD > Theft -- Receipt of stolen credit or debit card -- Presumption.
Short Summary
This legal provision pertains to the theft and receipt of stolen credit or debit cards. It states that any person who takes a credit or debit card without the cardholder’s or issuer’s consent, or who receives a credit or debit card with knowledge that it has been taken, is guilty of a misdemeanor. The intent to use, sell, or transfer the card to someone other than the issuer or cardholder is required. The act of taking a credit or debit card without consent includes various forms of theft, such as statutory larceny, common-law larceny by trespassory taking, common-law larceny by trick, embezzlement, or obtaining property by false pretenses, false promise, or extortion. Possessing or controlling two or more credit or debit cards that have been taken or obtained in violation of this provision creates a presumption of knowledge of their illicit acquisition. The penalties for non-compliance or violation of this provision are set forth in subsection (1) of KRS 434.730.
Whom does it apply to?
Any person who takes a credit or debit card without consent or receives a credit or debit card with knowledge that it has been taken
What does it govern?
Theft -- Receipt of stolen credit or debit card -- Presumption
What are exemptions?
No exemptions are mentioned
What are the Penalties?
Guilty individuals are subject to the penalties set forth in subsection (1) of KRS 434.730
Jurisdiction
Kentucky