Foreign ownership of land; prohibiting foreign adversary company ownership of land in this state. Effective date.

SB 727 prohibits foreign adversary companies - defined as entities tied to countries designated as "Country of Particular Concern" (CPC) by the U.S. Secretary of State - from owning land in Oklahoma. It requires an affidavit with every land deed confirming compliance, with specific exemptions for deeds related to court orders, existing titles, or government transactions. The law directly affects foreign-owned businesses meeting the CPC criteria, excluding mineral rights but covering most land transactions. It becomes effective November 1, 2025, and mandates county clerks to reject deeds lacking the required affidavit.