Establishes ownership and conveyance rights for pore space in Michigan, defining pore space and its uses.

The bill establishes the ownership and conveyance rights for pore space in Michigan, defining pore space as the open space in a subsurface geological formation capable of storing carbon dioxide or other substances. The ownership of pore space is vested in the owner of the overlying surface of the real property unless it is severed from the surface estate. The bill outlines the conditions under which pore space can be severed, conveyed, or leased, and it ensures that the surface owner retains rights to use nonsevered pore space for fluid or gas storage.

Establishes ownership and conveyance rights for pore space in Michigan, defining pore space and its uses.

The bill establishes the ownership and conveyance rights for pore space in Michigan, defining pore space as the open space in a subsurface geological formation capable of storing carbon dioxide or other substances. The ownership of pore space is vested in the owner of the overlying surface of the real property unless it is severed from the surface estate. The bill outlines the conditions under which pore space can be severed, conveyed, or leased, and it ensures that the surface owner retains rights to use nonsevered pore space for fluid or gas storage.