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" by the U.S. State Department - from owning land in Oklahoma, directly or through business entities. It requires property transfer documents to include a verified affidavit confirming compliance, with exemptions for mineral rights, court orders, government transfers, and certain existing deeds. The law applies to all land ownership transfers recorded after November 1, 2025, and defines "foreign adversary company" based on country ties, headquarters, or government control. It does not affect U.S. citizens, businesses in regulated interstate commerce, or entities with CFIUS agreements. The bill focuses on verifying ownership to address national security concerns, not on altering mineral rights or government land transactions.