Alien ownership of land; defining terms; adding entities prohibited from certain ownership; modifying requirements for execution of certain affidavit. Effective date.

This bill updates Oklahoma laws regarding land ownership by non-citizens, foreign governments, and related entities. It clarifies definitions for terms like "foreign government adversary" and requires that deeds transferring land to these groups include a notarized affidavit confirming compliance with state restrictions. The legislation also lists specific situations where this affidavit is not needed, such as when a deed corrects a previous error or involves a court order. Additionally, the bill changes how property owned by aliens is handled if it goes unpaid, shifting the process from escheatment to foreclosure.