Lindsay Lohan’s $40,000 bail has been posted, and she’s free to roam all the jewelry stores in downtown Los Angeles . . . for now. The former child star pled not guilty on Wednesday to the felony grand theft charge she received for allegedly swiping a $2500 necklace from a Venice, California jewelry shop.

Lohan’s lawyer, Shawn Chapman-Holley, argues that Linds believed she was borrowing the piece. It is not uncommon for jewelry stores to lend out important pieces to celebs who will be photographed wearing the items, but in this case the jewelry store says no way -- Lindsay Lohan took the necklace without their consent or knowledge.

The actress must go back to court on February 23 to argue her innocence. Lohan could receive up to 3 years in prison for grand theft, if the charge sticks, on top of additional jail time for violating her probation. Lohan is on probation following her 2007 DUI arrest, and this won’t expire until August 11.