Michigan § 500.5014 - Par value of stock; limitations.
Full text of Michigan Michigan Compiled Laws § 500.5014 — Par value of stock; limitations. , with citation guidance and answers to common questions.
§ 500.5014. Par value of stock; limitations.
Capital stock of domestic stock insurers incorporated under this chapter shall have value as follows:
If organized to transact property, marine, inland navigation and transportation, or automobile insurance (limited), all as defined in chapter 6, each share of authorized capital stock shall have a value of not less than $1.00 or more than $100.00.
If organized to transact life, disability, casualty, or fidelity and surety insurance, all as defined in chapter 6 or title insurance as defined in chapter 73, each share of authorized capital stock shall have a value of not less than $1.00.
If organized to insure railway employees against loss of position, and to transact life and disability insurance, as identified in section 6604, each share of authorized capital stock shall have a par value of $50.00.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 500.5014
What does Michigan Compiled Laws § 500.5014 cover?
Section 500.5014 ("Par value of stock; limitations. ") 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 § 500.5014?
A common citation format is "Michigan Compiled Laws § 500.5014" (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 § 500.5014 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.