OK SB632

Creates two business court divisions within district courts in counties with populations exceeding 500,000: Business Court Division I in Oklahoma County (Oklahoma City) and Business Court Division II in Tulsa County, effective September 1, 2025

Business court judges are appointed by the Governor from a list of three candidates provided by the Speaker of the House, require Senate confirmation, and serve 8-year terms (except the first Division II judge serves 4 years); candidates must be at least 35 years old, U.S. citizens, and licensed attorneys with 10+ years of relevant experience

Jurisdiction covers business disputes with at least $500,000 in controversy, including cases arising under the Uniform Commercial Code, Oklahoma General Corporation Act, LLC Act, partnership acts, securities law, trade secrets, shareholder derivative actions, and commercial real property matters

Excludes jurisdiction over consumer protection claims, governmental tort claims, guardianship, probate, residential landlord-tenant, personal injury/wrongful death, domestic relations, foreclosures, individual consumer transactions, and farming/ranching collections

Filing fee of $1,500 required for actions filed in or removed to business court; non-jury trials must be resolved within 12 months unless parties agree to extension; business court judges receive salary equal to Supreme Court associate justices