(1) A person who obtains personal property of another under a lease or rental agreement is guilty of theft if he exercises unlawful or unauthorized control over the property with purpose to deprive the owner thereof. As used in this section, the word “deprive” means to withhold property of another permanently or for so extended a period that a significant portion of its economic value, or the use or benefit thereof, is lost to the owner; or to withhold the property with intent to restore it to the owner only upon payment of a reward or other compensation; or to conceal, abandon or dispose of the property so as to make it unlikely that the owner will recover it; or to sell, give, pledge, or otherwise transfer any interest in the property.

(2) It shall be prima facie evidence of purpose to deprive when a person:

(a) In obtaining such property presents identification or information which is materially false, fictitious, misleading or not current, with respect to such person’s name, address, place of employment, or any other material matter; or

(b) Fails to return such property to the owner or his representative within ten (10) days after proper notice following the expiration of the term for which such person’s use, possession or control of the property is authorized; or

(c) Fails to contact the owner or his representative to make arrangements to return such property within ten (10) days after proper notice following the expiration of the term for which such person’s use, possession or control of such property is authorized.

(3) For the purpose of this section, “proper notice” means either actual notification as may be otherwise proven beyond a reasonable doubt or a written demand for return of the property mailed to the defendant, which satisfies the following procedure:

(a) The written demand must be mailed to the defendant by certified or registered mail with return receipt attached, which return receipt by its terms must be signed by the defendant personally and not by his representative;

(b) The written demand must be mailed to the defendant at either the address given at the time he obtained the property or the defendant’s last-known address if later furnished in writing by the defendant to the owner or his representative; and

(c) The return receipt bearing the defendant’s signature must be returned to the owner or his representative.

(4) It shall be an affirmative defense to prosecution under this section that:

(a) The defendant was unaware that the property was that of another; or

(b) The defendant acted under an honest claim of right to the property involved or that he had a right to acquire or dispose of it as he did; or

(c) The defendant was physically incapacitated and unable to request or obtain permission of the owner to retain the property; or

(d) The property was in such a condition, through no fault of the defendant, that it could not be returned within the requisite time after receipt of proper notice.

(5) Any person convicted of the offense of theft under this section shall be:

(a) Guilty of a misdemeanor when the value of the personal property is less than One Thousand Dollars ($1,000.00) and may be punished by a fine of not more than Two Hundred Fifty Dollars ($250.00), or by imprisonment in the county jail for a term of not more than six (6) months, by both such fine and imprisonment if the court finds substantial and compelling reasons why the offender cannot be safely and effectively supervised in the community, is not amenable to community-based treatment, or poses a significant risk to public safety. If such a finding is not made, the court shall suspend the sentence of imprisonment and impose a period of probation not exceeding one (1) year or a fine not exceeding Two Hundred Fifty Dollars ($250.00), or both. Any person convicted of a third or subsequent offense under this subsection where the value of the property is not less than Five Hundred Dollars ($500.00), shall be imprisoned in the Penitentiary for a term not exceeding three (3) years or fined an amount not exceeding One Thousand Dollars ($1,000.00); or

(b) Guilty of a felony when the value of the personal property is One Thousand Dollars ($1,000.00) or more and punished by a fine of not more than One Thousand Dollars ($1,000.00), or by imprisonment in the State Penitentiary for a term of not more than five (5) years, or by both such fine and imprisonment.