During the 2023 legislative session, the Oklahoma Legislature passed Senate Bill 212 which amended 60 Okla. Stat. §121 to require that all deeds filed with a county clerk in Oklahoma must include an affidavit executed by the grantee attesting that they are taking title in compliance with the state laws on foreign ownership of land. These laws require that the grantee is either a U.S. Citizen, a Native American born in the United States, an alien, or a person who is not a U.S. citizen, but who is or may become a bona fide resident of Oklahoma, or a business entity or trust which is similarly either owned by U.S. citizens or aliens who are or may become bona fide residents of Oklahoma.
One of my favorite things I get to do here at Rieger Law Group is to assist individuals in making their dreams a reality. The area where this is most present is assisting in forming new businesses and aiding existing businesses with their corporate structure and operations. Regardless of whether you are an entrepreneur working on your first business venture or an established corporation, you will experience a major shift in federal oversight and regulation in 2024 due to the recently enacted Corporate Transparency Act.
A lien is a charge imposed upon specific property securing the performance of an act, such as the payment of money. The right to file a lien arises by (1) contract, i.e., the parties agree that one of the parties may file a lien to secure a debt owed by the other party, or (2) by operation of law (e.g., by right conferred by statute).
Buying property can be a gamble for purchasers that rush to the closing table as quickly as possible. However, if a buyer allocates adequate time to investigate the property, that buyer is able to mitigate the potential for risk, become more familiar with the entitlements of the property, and make an educated decision as to whether the property is worth the negotiated purchase price. Below is a list of items that should be carefully reviewed before a buyer becomes contractually obligated to proceed to closing:
When considering provisions to include in a contract, most people automatically include the major deal points such as purchase price, inspections, and closing procedures. However, almost equally as important are those sections at the bottom of almost every good contract which protect the contracting parties if things go wrong throughout the term of the contract.
As many Oklahoma employers are aware, Oklahoma has generally banned the use of non-compete agreements with employees and independent contractors, with limited exceptions for non-solicit and non-disclosure agreements, and those non-compete agreements associated with the dissolution or sale of a business.
Condemnation cases are undoubtedly on the rise in Cleveland, McClain, and Grady Counties, and road improvements, electrical transmission lines and substations, and the proposed OTA turnpike are the catalysts. The basic constitutional principle is that “[p]private property shall not be taken or damaged for public use with just compensation.” This begs the question: what is “just compensation”?
As the weather finally cools, the days get shorter, and the busy holiday season approaches, we start planning parties, holiday shopping, and marketing campaigns. While you plan to invite guests into your home and customers into your business, it is important to keep in mind what protections that you as a landowner or business proprietor, owe to your guests and customers. A landowner or business proprietor typically owes a duty to make the area reasonably safe for all customers, guests, and sometimes even trespassers. However, the duty owed is different for each category of people. So, what precautions must you take to make your store, office, home, or property “safe”?
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