Oklahoma 2025 Regular Session

Oklahoma Senate Bill SB982

Introduced
2/3/25  

Caption

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.

Impact

If this bill is enacted, it will significantly affect existing laws governing property ownership and leasing practices in Oklahoma. The legislation mandates that all non-citizens must divest themselves of real property ownership within six months of the bill's effective date. Any leases found to be in violation will not be eligible for renewal, and the rights to the property will revert back to the lessor upon lease expiration. The bill is set to come into force on November 1, 2025, which provides a timeline for compliance and legal adjustments.

Summary

Senate Bill 982 aims to regulate the ownership and leasing of real property within the state of Oklahoma. The bill prohibits any alien or non-citizen from owning or leasing real property directly or indirectly, with specific exceptions for entities engaged in regulated interstate commerce. This legislation introduces new compliance measures requiring an affidavit to be included with any lease or deed, verifying that the transaction adheres to these restrictions. The Attorney General will be responsible for creating the necessary forms for individuals and entities to ensure compliance.

Contention

While the proponents argue that the bill will protect state interests and ensure that property ownership is limited to citizens, it raises concerns from several quarters. Critics argue that these restrictions could violate property rights and create legal challenges surrounding the treatment of non-citizens. The provision allowing the Attorney General to enforce compliance through district court actions further emphasizes the bill's potential for contentious legal disputes. The legal landscape surrounding real estate transactions could be strained as a result of these new measures.

Companion Bills

No companion bills found.

Previously Filed As

OK SB1953

Agricultural land; prohibiting leasing of agricultural land by certain persons; requiring certain affidavit as attachment to lease; providing exceptions. Effective date.

OK SB212

Property; prohibiting certain ownership of land through business entity or trust; requiring affidavit with recording of deed. Effective date.

OK SB212

Property; prohibiting certain ownership of land through business entity or trust; requiring affidavit with recording of deed. Effective date.

OK SB1644

Boating safety; requiring certain flag under certain circumstances. Effective date.

OK HB3467

Civil procedure; partition by sale; establishing procedures for sealed bid auction for certain property; requiring execution and delivery of deeds by sheriff under certain circumstances; defining terms; effective date.

OK SB1635

Medical marijuana; requiring an affidavit for license renewal under certain circumstance; testing. Emergency.

OK SB1254

Firearms; creating felony offense for firearms on school property under certain circumstances. Effective date.

OK HB3077

Property; prohibiting foreign ownership of real property and agricultural land; effective date.

OK HB3125

Property; prohibiting foreign ownership of real property and agricultural land; effective date.

OK SB416

Public property; exempting higher education from procedures for disposal and lease of certain real property. Effective date.

Similar Bills

No similar bills found.