(a) A person commits the crime of unlawful possession if the person possesses a propelled vehicle, bicycle, firearm, movable or immovable construction tool or equipment, appliance, merchandise or other article or its component parts knowing that the serial number or identification mark placed on it by the manufacturer or owner for the purpose of identification has been defaced, erased, or otherwise altered with the intent of causing interruption to the ownership of another.
(b) Unlawful possession is
(1) a class C felony if the value of the property on which the serial number or identification mark appeared is $750 or more;
(2) a class A misdemeanor if the value of the property on which the serial number or identification mark appeared is $250 or more but less than $750;
(3) a class B misdemeanor if the value of the property on which the serial number or identification mark appeared is less than $250.
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