(b) A dealer who recklessly, knowingly, or intentionally buys or sells personal property in which the identification number or manufacturer’s serial number has been removed, altered, obliterated, or defaced commits dealing in altered property, a Class A misdemeanor. However, the offense is a Level 6 felony if the dealer has a prior conviction of an offense under this chapter or if the fair market value of the property is at least one thousand dollars ($1,000).
As added by P.L.294-1989, SEC.2. Amended by P.L.158-2013, SEC.464.
Terms Used In Indiana Code 35-43-4-2.3
- Conviction: A judgement of guilt against a criminal defendant.
- Fair market value: The price at which an asset would change hands in a transaction between a willing, informed buyer and a willing, informed seller.
- Felony: A crime carrying a penalty of more than a year in prison.
- Misdemeanor: Usually a petty offense, a less serious crime than a felony, punishable by less than a year of confinement.
- Personal property: includes goods, chattels, evidences of debt, and things in action. See Indiana Code 1-1-4-5
- Property: includes personal and real property. See Indiana Code 1-1-4-5