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Bill > SB1705
OK SB1705
OK SB1705Alien ownership of land; defining terms; adding entities prohibited from certain ownership; modifying requirements for execution of certain affidavit. Effective date.
summary
Introduced
02/05/2024
02/05/2024
In Committee
04/10/2024
04/10/2024
Crossed Over
03/18/2024
03/18/2024
Passed
05/31/2024
05/31/2024
Dead
Signed/Enacted/Adopted
05/30/2024
05/30/2024
Introduced Session
2024 Regular Session
Bill Summary
An Act ENROLLED SENATE BILL NO. 1705 By: Howard, Pederson, Burns, and Garvin of the Senate and McCall, Hays, Patzkowsky, Maynard, Moore, Williams, Bashore, Burns, and Steagall of the House An Act relating to alien ownership of land; amending 60 O.S. 2021, Sections 121, as amended by Section 1, Chapter 327, O.S.L. 2023, 124, 125, 126, and 127 (60 O.S. Supp. 2023, Section 121), which relate to prohibition of alien ownership of land; defining terms; adding entities prohibited from certain ownership; providing exemption for resident aliens and foreign government entities under certain circumstances; removing reference to personal property; adding persons authorized to execute certain affidavit; requiring notarization of certain document; providing exemptions to certain requirements; requiring inclusion of specific exemption on recorded deed; authorizing Attorney General to establish additional exemptions; allowing substantial compliance to certain form requirements; changing escheatment to foreclosure for property owned by aliens; providing order of payment for foreclosed property owned by aliens; updating statutory references; updating statutory language; making language gender neutral; and providing an effective date. SUBJECT: Alien ownership of land
AI Summary
This bill amends Oklahoma's laws regarding the ownership of land by aliens (non-US citizens) and foreign government entities. The key provisions include:
1. Defining terms like "deed," "foreign government adversary," "foreign government enterprise," and "foreign government entity."
2. Prohibiting aliens, foreign government adversaries, and foreign government enterprises from acquiring or owning land in Oklahoma, with some exceptions for businesses engaged in regulated interstate commerce or with national security agreements.
3. Requiring an affidavit to be filed with the deed when land is transferred, attesting to compliance with the ownership restrictions, with certain exemptions.
4. Authorizing the Attorney General to establish additional exemptions and allowing for substantial compliance with the affidavit requirements.
5. Changing the legal process from "escheat" (seizure of property) to "foreclosure" for land owned in violation of the law, and specifying the order of payment from the proceeds.
6. Providing a two-year window for aliens to reclaim any funds from the foreclosure process if the judgment was obtained fraudulently or through material irregularity.
7. Establishing an effective date of November 1, 2024.
Committee Categories
Agriculture and Natural Resources, Justice
Sponsors (12)
Brent Howard (R)*,
Charles McCall (R)*,
Steve Bashore (R),
George Burns (R),
Jessica Garvin (R),
Neil Hays (R),
Cody Maynard (R),
Anthony Moore (R),
Kenton Patzkowsky (R),
Roland Pederson (R),
Jay Steagall (R),
Danny Williams (R),
Last Action
Approved by Governor 05/31/2024 (on 05/31/2024)
Official Document
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