Michigan § 257.514 - When judgments deemed satisfied.
Full text of Michigan Michigan Compiled Laws § 257.514 — When judgments deemed satisfied., with citation guidance and answers to common questions.
§ 257.514. When judgments deemed satisfied.
Judgments herein referred to shall, for the purpose of this chapter only, be deemed satisfied:
When $20,000.00 is credited upon any judgment or judgments rendered in excess of that amount because of bodily injury to or death of 1 person as the result of any one accident; or
When, subject to such limit of $20,000.00 because of bodily injury to or death of 1 person, the sum of $40,000.00 is credited upon any judgment or judgments rendered in excess of that amount because of bodily injury to or death of 2 or more persons as the result of any one accident; or
When $10,000.00 is credited upon any judgment or judgments rendered in excess of that amount because of injury to or destruction of property of others as a result of any one accident.
Frequently Asked Questions About Michigan § 257.514
What does Michigan Compiled Laws § 257.514 cover?
Section 257.514 ("When judgments deemed satisfied.") is part of the Michigan Compiled Laws, the codified statutory law of Michigan. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Michigan § 257.514?
A common citation format is "Michigan Compiled Laws § 257.514" (Michigan). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Michigan law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Michigan official source linked on this page or consult a licensed Michigan attorney.
How does Michigan § 257.514 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Michigan can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Michigan.