This bill amends Section 121 of Title 60 of the Oklahoma Statutes to prohibit foreign ownership of land in the state, specifically targeting aliens and foreign government entities. The bill clarifies that no alien or non-citizen, as well as foreign government adversaries or entities, can acquire title to or own land directly or indirectly through business entities or trusts. It also removes the Attorney General's authority to establish additional exemptions to this prohibition, thereby tightening the restrictions on land ownership by foreign entities.

Additionally, the bill introduces a requirement for any deed recorded with a county clerk to include an affidavit confirming compliance with the new ownership restrictions. This affidavit must be executed by the relevant parties and attests that no funding sources violate the law. Certain exemptions from this affidavit requirement are specified, including deeds that correct previous errors or are made in the context of court orders. The bill is set to take effect on November 1, 2026.

Statutes affected:
Introduced: 60-121