HB1308

Oklahoma HB1308 prohibits foreign ownership of real property and agricultural land by certain parties, requiring divestment and judicial foreclosure.

Oklahoma HB1308 establishes restrictions on foreign ownership of real property and agricultural land. It prohibits prohibited foreign parties or entities from acquiring any interest in real property, with exceptions for resident aliens. Violations result in divestment and judicial foreclosure. The bill also creates the Office of Agricultural Intelligence within the Oklahoma Department of Agriculture, Food, and Forestry to monitor and report violations. The Attorney General is tasked with bringing legal actions and issuing subpoenas for investigations.