What constitutes grand larceny according to Nevada law?

Grand larceny in Nevada law is specifically defined by the value of the property taken, and the key aspect is the intent to commit theft. Taking property of another without consent demonstrates this intent and indicates that the act is not merely a misunderstanding or an accident. For it to be classified as grand larceny, the value of the property must exceed $950; thus, merely taking property is insufficient for this classification if the value criterion is not met.

The essence of this definition is that grand larceny involves both the act of taking someone else's property without permission and the intended theft of valuable items, making the perpetrator liable for more severe penalties compared to petty theft. Understanding this distinction is crucial for recognizing the legal parameters of theft offenses in Nevada.