Loading chat...
OK SB982
Bill
Status
2/3/2025
Primary Sponsor
Warren Hamilton
Click for details
AI Summary
-
Non-U.S. citizens and aliens are prohibited from owning or leasing real property in Oklahoma, either directly or indirectly through business entities or trusts
-
Business entities engaged in regulated interstate commerce under federal law are exempt from the prohibition
-
All deeds and leases must include an affidavit attesting to compliance with the law and confirming no funding sources violate state or federal law; the Attorney General must create separate affidavit forms for individuals and business entities
-
Non-citizens who currently own real property have 6 months from the effective date to divest their ownership; the Attorney General may bring enforcement actions in district court after this period expires
-
Leases found in violation cannot be renewed and property rights immediately revert to the lessor upon lease expiration; effective date is November 1, 2025
Legislative Description
Real property; prohibiting leasing or owning of real property by certain persons; requiring certain affidavit as an attachment to lease or deed; requiring reversion of leased land under certain circumstances. Effective date.
Last Action
Second Reading referred to Judiciary
2/4/2025