A person commits theft of lost or mislaid property when he or she obtains control over the property and:
     (a) Knows or learns the identity of the owner or knows, or is aware of, or learns of a reasonable method of identifying the owner, and

Attorney's Note

Under the Illinois Statutes, punishments for crimes depend on the classification. In the case of this section:
ClassPrisonFine
Class A misdemeanorup to 1 yearup to $2,500
For details, see § Ill. Comp. Stat. 730 ILCS 5/5-4.5-55

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Terms Used In Illinois Compiled Statutes 720 ILCS 5/16-2


     (b) Fails to take reasonable measures to restore the property to the owner, and
     (c) Intends to deprive the owner permanently of the use or benefit of the property.
     (d) Sentence.
     Theft of lost or mislaid property where:
         (1) the value does not exceed $500 is a Class B
    
misdemeanor;
        (2) the value exceeds $500 but does not exceed
    
$10,000 is a Class A misdemeanor; and
        (3) the value exceeds $10,000 is a Class 4 felony.