Oklahoma SB916 prohibits certain foreign adversaries from owning or controlling real property in the state, with exceptions for agricultural and.
Oklahoma SB916 introduces new provisions to restrict ownership and control of real property by foreign adversaries. Specifically, it prohibits certain entities from owning, leasing, or acquiring real property within five miles of a military installation. Exceptions include agricultural research and development, military installations, and diplomatic purposes. Entities subject to these restrictions must register their property with the Office of the Attorney General. Failure to comply results in forfeiture of the property, with proceeds going to the state after costs and fines are paid.
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