Agricultural News
OKFB partners with McAfee & Taft to examine Oklahoma foreign-owned land law
Tue, 25 May 2021 10:45:25 CDT
Oklahoma Farm Bureau and Oklahoma City-based law firm McAfee & Taft have created a 'video to provide answers on the states foreign-owned land statutes
The informational video was produced in response to questions about land ownership the organization received from members across the state.
Cole Marshall, an attorney at McAfee & Taft, explained the basic tenets of Oklahoma's laws on foreign ownership of land in the short video.
Marshall said the Oklahoma Constitution and state statutes prohibit any alien - or person who is not a citizen of the United States - from owning land in the state.
"There's a general prohibition on foreign persons or corporations from other countries owning land in Oklahoma, but they can become residents by taking up residency for individuals in Oklahoma or by qualifying to do business in Oklahoma," Marshall said.
To qualify to do business in Oklahoma, entities are required to file with the Oklahoma secretary of state and thus become subject to Oklahoma's laws.
As one of a handful of states in the country with restrictions on foreign?owned land, Marshall said Oklahoma, as compared to other states, has historically been more aggressive with respect to foreign ownership of land in the state.
"Oklahoma on the national scale, I would say, is sort of out front, if you will, on these types of rules," Marshall said. "It's largely because Oklahoma is an ag state. These laws were put in place to protect family farmers."
Learn more about Oklahoma's foreign-owned land laws in the video (see below)
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