Okla. Stat. tit. 60 § 49.5

Current through Laws 2024, c. 453.

Section 49.5 - Validity

A conservation easement is valid even though:

1. It is not appurtenant to an interest in real property;

2. It can be or has been assigned to another holder;

3. It is not of a character that has been recognized traditionally at common law;

4. It imposes a negative burden;

5. It imposes affirmative obligations upon the owner of an interest in the burdened property or upon the holder;

6. The benefit does not touch or concern real property; or

7. There is no privity of estate or of contract.

Okla. Stat. tit. 60, § 49.5

Added by Laws 1999 , SB 266, c. 384, §5, eff. 11/1/1999.