THEFT § 13- 1802
There are many different legal theories pertaining to a Theft charge. The most common example, is when someone takes someone else’s property with the intent to deprive the other person of such property. In general terms, theft can be a misdemeanor, if the value of the item(s) taken is less than $1,000. If the value is greater than $1,000 it is a felony, the level of which goes up, along with the dollar amount.
A less common known form of theft, is when you find someone else’s property, and the circumstances provide you with a means to find out who the true owner is. If you don’t make a reasonable effort – beware!