Real property; prohibiting leasing or owning of real property by certain persons; requiring certain affidavit as an attachment to lease or deed; requiring reversion of leased land under certain circumstances. Effective date.

SB 982 prohibits non-U.S. citizens (aliens) from owning or leasing real property in Oklahoma, with an exception for businesses engaged in regulated interstate commerce. It requires all new leases or deeds to include a sworn statement confirming compliance with this rule, and the Attorney General must create a standard form for this purpose. Existing non-citizen property owners must sell their property within six months of the law's effective date (November 1, 2025), or face legal action by the Attorney General. The law aims to enforce ownership restrictions through mandatory documentation and a clear divestment timeline.