On Apr. 16, OKL LEG passed bill re disclosure conservation easements
OKL LEG passed bill SB 1997 amending the Uniform Conservation Easement Act.
requires disclosure of certain easements to potential buyers; amend OKL LEG 60-49.3.
Bill Provision
An owner of real property burdened by a conservation easement shall disclose the existence of such easement to any potential buyer of the real property.
Legislative History
On Feb. 5, 2024, bill introduced in Senate; on Mar. 5, 2024, bill passed in Senate.
On Mar. 6, 2024, bill introduced in House; on Apr. 15, 2024, bill passed in House.
On Apr. 16, 2024, bill enrolled in Senate; on Apr. 16, 2024, bill sent to Governor.
Effectiveness
If approved, this provision of the act shall become effective Nov. 1, 2024.
Apr. 18, 2024 OKL LEG Governor Approval
On Apr. 18, 2024, OKL LEG reported bill signed by governor, effective Nov. 1, 2024.
Apr. 26, 2024 Editorial Update
On Apr. 26, 2024, Reg-Track made an editorial update to the above summary to change the rule type from Proposed to Final.
Regulators
OKL LEG
Entity Types
CNSM; Corp; MG Orig
Reference
Act, 4/18/2024; Bill, SB1997, 4/16/2024; Citation: OKL LEG 60-49.3;
