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STATE OF OKLAHOMA
1st Session of the 59th Legislature (2023)
COMMITTEE SUBSTITUTE
FOR
SENATE BILL 212 By: Bullard and Burns of the
Senate
and
Humphrey of the House
COMMITTEE SUBSTITUTE
[ property – alien ownership of land – business
entities – recording of deed – effective date ]
BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA:
SECTION 1. AMENDATORY 60 O.S. 2021, Section 121, is
amended to read as follows:
Section 121. A. No alien or any person who is not a citizen of
the United States shall acquire title to or own land in the State of
Oklahoma this state either directly or i ndirectly through a business
entity or trust, except as hereinafter provided, but he or she shall
have and enjoy in the State of Oklahoma this state such rights as to
personal property as are, or shall be accor ded a citizen of the
United States under the l aws of the nation to which such alien
belongs, or by the treaties of such nation with the United States,
except as the same may be affected by the provisions o f this act
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Section 121 et seq. of this title or the Constitution of this state.
Provided, however, the requirements of th is subsection shall not
apply to a business entity that is engaged in regulated interstate
commerce in accordance with federal law.
B. On or after the effective date of this act , any deed
recorded with a county clerk shall include as an exhibit to the deed
an affidavit executed by the person or entity coming into title
attesting that the person, business entity, or trust is obtaining
the land in compliance with the requirements of thi s section and
that no funding source is being used in the sale or transfer in
violation of this section or any other state or federal law. The
Attorney General shall promulgate a separate affidavit form for
individuals and for business entities or trusts to comply with the
requirements of this section.
SECTION 2. This act shall become effective November 1, 2023.
59-1-1994 TEK 3/1/2023 5:10:24 PM