§ 132.07 PETTY THEFT.

   A person commits a petty theft when the value of the property is under $300 and he or she knowingly:

   (A)   Obtains or exerts unauthorized control over property of the owner;

   (B)   Obtains, by deception, control over property of the owner;

   (C)   Obtains, by threat, control over property of the owner;

   (D)   Obtains control over stolen property knowing the property to have been stolen by another or under such circumstances as would reasonably induce him or her to believe that the property was stolen, and:

      (1)   Intends to deprive the owner permanently of the use or benefit of the property;

      (2)   Knowingly uses, conceals, or abandons the property in such a manner as to deprive the owner permanently of such use or benefit; and

      (3)   Uses, conceals, or abandons the property, knowing such use, concealment, or abandonment probably will deprive the owner permanently of such use of benefit.

   (E)   It shall be unlawful to commit a petty theft.

(Ill. Rev. Stat., Ch. 38, § 16-1) (Prior Code, § 27-3-1) Penalty, see § 10.99