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 affidavit confirming compliance with the law, and the Attorney General must create a standard form for this. Existing non-citizen property owners must sell their land within six months of the law's effective date (November 1, 2025), or the Attorney General may sue to enforce divestment. The bill directly affects non-citizen individuals and entities holding Oklahoma real estate, mandating specific legal compliance for property transactions.