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1 STATE OF OKLAHOMA
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2 1st Session of the 60th Legislature (2025)
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3 SENATE BILL 727 By: Weaver
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7 AS INTRODUCED
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8 An Act relating to foreign ownership of land;
8 amending 60 O.S. 2021, Section 121, as last amended
9 by Section 1, Chapter 373, O.S.L. 2024 (60 O.S. Supp.
9 2024, Section 121), which relates to prohibition of
10 alien or foreign government adversary ownership of
10 land; defining terms; prohibiting foreign adversary
11 company ownership of land in this state; and
11 providing an effective date.
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16 BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA:
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17 SECTION 1. AMENDATORY 60 O.S. 2021, Section 121, as last
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18 amended by Section 1, Chapter 373, O.S.L. 2024 (60 O.S. Supp. 2024,
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19 Section 121), is amended to read as follows:
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20 Section 121. A. As used in Sections 121 through 127 of this
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21 title:
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22 1. "Deed" means any instrument in writing whereby land is
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23 assigned, transferred, or otherwise conveyed to, or vested in, the
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1 person coming into title or, at his or her direction, any other
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2 person;
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3 2. "Country of Particular Concern" means any country designated
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4 by the United States Secretary of State as hostile or a Country of
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5 Particular Concern (CPC);
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6 3. "Foreign adversary company" means any company other than a
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7 U.S. person or U.S. subsidiary as defined in 15 C.F.R., Section
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8 772.1 that:
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9 a. is domiciled, incorporated, issued, or listed in a
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10 CPC,
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11 b. is headquartered in a CPC,
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12 c. has its principal place of business in a CPC,
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13 d. is controlled by the government of a CPC or the
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14 military or ruling political party of a CPC, or
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15 e. is majority-owned by an entity controlled by the
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16 government of a CPC or the military or ruling
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17 political party of a CPC.
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18 If a parent company does not meet any of the criteria listed in
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19 this paragraph and does not recognize more than fifty percent (50%)
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20 of the total annual global revenue of the parent company and
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21 subsidiaries from a CPC, the parent company shall not be considered
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22 a foreign adversary company solely because one or more subsidiaries
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23 or affiliates meets the criteria set forth in subparagraph a of this
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24 paragraph;
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1 4. "Foreign government adversary" means a government other than
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2 the federal government of the United States, the government of any
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3 state, political subdivision of the state, tribe, territory, or
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4 possession of the United States and designated by the United States
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5 Secretary of State as hostile or a Country of Particular Concern
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6 (CPC);
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7 3. 5. "Foreign government enterprise" means a business entity,
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8 sovereign wealth fund, or state-backed investment fund in which a
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9 foreign government adversary holds a controlling interest;
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10 4. 6. "Foreign government entity" means a government other than
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11 the federal government of the United States, the government of any
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12 state, political subdivision of the state, tribe, territory, or
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13 possession of the United States; and
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14 5. 7. "Land" means the same as defined in Section 6 of this
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15 title, but shall not include oil, gas, other minerals, or any
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16 interest therein.
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17 B. No alien or any person who is not a citizen of the United
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18 States, foreign adversary company, or foreign government adversary
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19 shall acquire title to or own land in this state either directly or
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20 indirectly through a business entity, trust, or foreign government
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21 enterprise, except as hereinafter provided, but they shall have and
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22 enjoy in this state such rights as to personal property as are, or
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23 shall be, accorded a citizen of the United States under the laws of
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24 the nation to which such alien belongs, or by the treaties of such
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1 nation with the United States, except as the same may be affected by
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2 the provisions of Section 121 et seq. of this title or the
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3 Constitution of this state. Provided, however, the requirements of
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4 this subsection shall not apply to a business entity that is engaged
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5 in regulated interstate commerce or has a national security
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6 agreement with the Committee on Foreign Investment in the United
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7 States (CFIUS) in accordance with federal law.
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8 C. On or after November 1, 2023, any deed recorded with a
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9 county clerk shall include as an exhibit to the deed an affidavit
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10 executed by the person, the person's attorney-in-fact, a court-
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11 appointed guardian or personal representative, an authorized officer
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12 of the entity, or trustee of the trust coming into title attesting
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13 that the person, business entity, or trust is obtaining the land in
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14 compliance with the requirements of this section and that no funding
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15 source is being used in the sale or transfer in violation of this
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16 section or any other state or federal law. A county clerk shall not
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17 accept and record any deed without an affidavit as required by this
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18 section which is duly notarized pursuant to Title 49 of the Oklahoma
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19 Statutes. The requirements of this subsection shall not apply to a:
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20 1. Deed which, without additional consideration, confirms,
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21 corrects, modifies, or supplements a deed previously recorded;
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22 2. Deed made by a grantor to cure a defect in title or
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23 effectuate a disclaimer of interest in real property;
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1 3. Transfer-on-death deed made by a grantor designating a
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2 grantee beneficiary pursuant to the Nontestamentary Transfer of
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3 Property Act, Section 1251 et seq. of Title 58 of the Oklahoma
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4 Statutes;
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5 4. State or federal court order in an action to quiet title or
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6 to cure a defect in title;
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7 5. State or federal court order or decree in probate,
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8 partition, quiet title, and divorce actions;
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9 6. Deed which secures a debt or other obligation, or which
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10 releases such property as security for a debt or other obligation;
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11 7. Deed of dedication to the public; or
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12 8. Deed in favor of the United States or any of its political
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13 subdivisions, a state or any of its political subdivisions, or a
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14 tribe.
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15 The applicable exemption shall be shown on the face of the deed
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16 prior to the recording of the deed and no affidavit shall be
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17 required.
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18 D. The Attorney General shall promulgate a separate affidavit
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19 form for individuals and for business entities or trusts to comply
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20 with the requirements of this section. The Attorney General may
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21 establish additional exemptions which the Attorney General deems
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22 necessary to substantially comply with the requirements of this
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23 section. The county clerk may accept an affidavit in substantial
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1 compliance with the affidavit form promulgated by the Attorney
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2 General.
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3 SECTION 2. This act shall become effective November 1, 2025.
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5 60-1-846 TEK 1/19/2025 5:42:06 AM
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Req. No. 846 Page 6Every fact on this page links to its source, starting with the official bill record.