An Act ENROLLED SENATE BILL NO. 1997 By: Murdock, Bullard, and Hamilton of the Senate and Newton and Dobrinski of the House An Act relating to the Uniform Conservation Easement Act; amending 60 O.S. 2021, Section 49.3, which relates to creation, conveya nce, acceptance, and duration; requiring disclosure of certain easement to potential buyer; updating statutory reference; and providing an effective date . SUBJECT: Uniform Conservation Easement Act BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA : SECTION 1. AMENDATORY 60 O.S. 2021, Section 49.3, is amended to read as follows: Section 49.3. CREATION, CONVEYANCE, ACCEPTANCE, AND DURATION A. Except as otherwise provided in this act the Uniform Conservation Easement Act , a conservation easement may be created, conveyed, recorded, assigned, released, modified, terminated, or otherwise altered or affected in the same manner as other easements,; provided, however, nothing herein shall authorize any entity or individual to o btain a conservation easement by condemnation. ENR. S. B. NO. 1997 Page 2 B. No right or duty in favor of or against a holder arises under a conservation easement before its acceptance by the holder and a recordation of the acceptance. C. Except as provided in subsection B of Se ction 4 49.4 of this act title, the term of a conservation easement shall be the term stated in the instrument creating it. D. An interest in real property in existence at the time a conservation easement is created is not impaired by it unless the owner of the interest is a party to the conservation easement or consents to it. E. An owner of real property burdened by a conservation easement shall disclose the existence of such easement to any potential buyer of the real property. SECTION 2. This act shall become effective November 1, 2024. ENR. S. B. NO. 1997 Page 3 Passed the Senate the 5th day of March, 2024. Presiding Officer of the Senate Passed the House of Representatives the 15th day of April, 2024. Presiding Officer of the House of Representatives OFFICE OF THE GOVERNOR Received by the Office of the Governor this _______ _____________ day of _________________ __, 20_______, at _______ o'clock _______ M. By: _________________________________ Approved by the Governor of the State of Oklahoma th is _________ day of _________________ __, 20_______, at _______ o'clock _______ M. _________________________________ Governor of the State of Oklahoma OFFICE OF THE SECRETARY OF STATE Received by the Office of the Secretary of State this _______ ___ day of _________________ _, 20 _______, at _______ o'clock _______ M. By: _________________________________