Oklahoma SB1672 prohibits foreign ownership of land, requiring affidavits for compliance.
Oklahoma SB1672 amends the state's statutes to prohibit any foreign ownership of land. The bill mandates that a separate affidavit form be created for individuals and business entities to comply with these requirements. The Attorney General can establish additional exemptions but cannot remove the prohibition on foreign ownership. The county clerk may accept an affidavit in substantial compliance with the Attorney General's form. The act becomes effective November 1 of the current year.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
Analyze for Free
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.