Section 121 - [Effective 11/1/2024] Alien may not hold land - Ownership of personaltyA. As used in Sections 121 through 127 of this title:1. "Deed" means any instrument in writing whereby land is assigned, transferred, or otherwise conveyed to, or vested in, the person coming into title or, at his or her direction, any other person;2. "Foreign government adversary" means a government other than the federal government of the United States, the government of any state, political subdivision of the state, tribe, territory, or possession of the United States and designated by the United States Secretary of State as hostile or a Country of Particular Concern (CPC);3. "Foreign government enterprise" means a business entity, sovereign wealth fund, or state-backed investment fund in which a foreign government adversary holds a controlling interest;4. "Foreign government entity" means a government other than the federal government of the United States, the government of any state, political subdivision of the state, tribe, territory, or possession of the United States; and5. "Land" means the same as defined in Section 6 of this title, but shall not include oil, gas, other minerals, or any interest therein.B. No alien or any person who is not a citizen of the United States or foreign government adversary shall acquire title to or own land in this state either directly or indirectly through a business entity, trust, or foreign government enterprise, except as hereinafter provided, but they shall have and enjoy in this state such rights as to personal property as are, or shall be, accorded a citizen of the United States under the laws of the nation to which such alien belongs, or by the treaties of such nation with the United States, except as the same may be affected by the provisions of Section 121 et seq. of this title or the Constitution of this state. Provided, however, the requirements of this subsection shall not apply to a business entity that is engaged in regulated interstate commerce or has a national security agreement with the Committee on Foreign Investment in the United States (CFIUS) in accordance with federal law.C. On or after November 1, 2023, any deed recorded with a county clerk shall include as an exhibit to the deed an affidavit executed by the person , the person's attorney-in-fact, a court-appointed guardian or personal representative, an authorized officer of the entity, or trustee of the trust coming into title attesting that the person, business entity, or trust is obtaining the land in compliance with the requirements of this section and that no funding source is being used in the sale or transfer in violation of this section or any other state or federal law. A county clerk shall not accept and record any deed without an affidavit as required by this section which is duly notarized pursuant to Title 49 of the Oklahoma Statutes. The requirements of this subsection shall not apply to a: 1. Deed which, without additional consideration, confirms, corrects, modifies, or supplements a deed previously recorded;2. Deed made by a grantor to cure a defect in title or effectuate a disclaimer of interest in real property;3. Transfer-on-death deed made by a grantor designating a grantee beneficiary pursuant to the Nontestamentary Transfer of Property Act, Section 1251 et seq. of Title 58 of the Oklahoma Statutes;4. State or federal court order in an action to quiet title or to cure a defect in title;5. State or federal court order or decree in probate, partition, quiet title, and divorce actions;6. Deed which secures a debt or other obligation, or which releases such property as security for a debt or other obligation;7. Deed of dedication to the public; or8. Deed in favor of the United States or any of its political subdivisions, a state or any of its political subdivisions, or a tribe. The applicable exemption shall be shown on the face of the deed prior to the recording of the deed and no affidavit shall be required.
D. The Attorney General shall promulgate a separate affidavit form for individuals and for business entities or trusts to comply with the requirements of this section . The Attorney General may establish additional exemptions which the Attorney General deems necessary to substantially comply with the requirements of this section. The county clerk may accept an affidavit in substantial compliance with the affidavit form promulgated by the Attorney General.Okla. Stat. tit. 60, § 121
Amended by Laws 2024, c. 373,s. 1, eff. 11/1/2024.Amended by Laws 2023 , c. 327, s. 1, eff. 11/1/2023.This section is set out more than once due to postponed, multiple, or conflicting amendments.