North Carolina General Statutes § 14-86.5 Definitions

The following definitions apply in this Article:

(1)        "Retail property." - Any new article, product, commodity, item, or component intended to be sold in retail commerce.

(2)        "Retail property fence." - A person or business that buys retail property knowing or believing that retail property is stolen.

(3)        "Theft." - To take possession of, carry away, transfer, or cause to be carried away the retail property of another with the intent to steal the retail property.

(4)        "Value." - The retail value of an item as advertised by the affected retail establishment, to include all applicable taxes. (2007-373, s. 3.)

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Last modified: March 23, 2014