This bill amends Section 1252 of Title 58 of the Oklahoma Statutes, which pertains to transfer-on-death deeds. The key change is the removal of the nine-month requirement for beneficiaries to accept property after the death of the record owner. Previously, if the beneficiary did not record the necessary affidavit and related documents within nine months of the owner's death, the property would revert to the deceased owner's estate. The bill also clarifies that a beneficiary affidavit must be recorded with the county clerk, and it allows for affidavits to be accepted for recording without prior acknowledgment by a notary.

Additionally, the bill stipulates that a designated grantee beneficiary can only accept real estate on their own behalf or on behalf of a legal entity they represent, and it requires the execution of an affidavit to verify the record owner's death and other relevant details. The changes aim to simplify the process of transferring property upon death and provide more flexibility for beneficiaries. The act is set to take effect on November 1, 2026.

Statutes affected:
Introduced: 58-1252