{"data":{"id":"us-mi/mich.-comp.-laws-500.5014","jurisdiction":"us-mi","citation":"Mich. Comp. Laws § 500.5014","heading":"Par value of stock; limitations.","body":"Sec. 5014.\n\nCapital stock of domestic stock insurers incorporated under this chapter shall have value as follows:\n\nIf 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.\n\nIf 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.\n\nIf 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.","path":["MI Code","Chapter 500","Act Act-218-of-1956"],"source_url":"https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-500-5014","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:31Z","sha256":"ab04b4541da4760e21cdb88020ba7f8a09d2a644642c0f0607907394c25ae7ce","source_id":"us-mi","stale":false,"prev":"us-mi/mich.-comp.-laws-500.5012","next":"us-mi/mich.-comp.-laws-500.5020"},"notice":"GroundRules: Original legal text. Not legal advice."}