Oklahoma HB1064 prohibits hedge funds and their subsidiaries from acquiring single-family residential property and mandates divestment within ten.
Oklahoma HB1064 amends the state statutes to define "hedge fund" and prohibit hedge funds and their subsidiaries from acquiring single-family residential property. The act mandates that entities holding title to such properties must sell or divest themselves within ten years from the act's effective date. The divestment must not involve a hedge fund or its subsidiary. The act codifies these provisions in the Oklahoma Statutes as Section 1501 of Title 60.
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