MI SB0600

Amends Michigan's 1937 lien law to clarify that registers of deeds receive the same recording and indexing fees for oil and gas well liens as they do for real estate mortgages under MCL 600.2567.

Requires verified statements of lien to be recorded within 6 months after the last materials are furnished or labor is performed, with the ability to amend statements before final judgment in enforcement actions.

Establishes that recorded lien statements are indexed like mortgages and provide notice to subsequent purchasers and encumbrancers with the same effect as mortgage recordings.

Applies to contractors, subcontractors, materialmen, and laborers claiming liens on oil or gas wells, pipelines, derricks, tanks, materials, and machinery in Michigan.

Takes effect October 1, 2016, contingent on Senate Bill 599 of the 98th Legislature being enacted into law.