A. The Legislature finds that, due to the complex nature of litigation involving highly technical commercial issues, there is a need for specialized courts in Oklahoma with specific jurisdiction over actions involving such business issues. B. There is hereby created a business court division within the district court of any judicial district containing a county with a population in excess of five hundred thousand (500,000), according to the latest Federal Decennial Census. C. Each business court division created shall be categorized and named numerically. The Supreme Court shall promulgate rules for the implementation and administration of the business courts to the extent required by Article VII of the Oklahoma Constitution. Additional rules and procedures shall be promulgated by the judges of the business court divisions. Business Court Division I shall be located in Oklahoma County and quartered in Oklahoma City; Business Court Division II shall be located in Tulsa County and quartered in Tulsa. Both business court divisions shall be quartered in a location as determined by the Chief Justice of the Supreme Court in consultation with any state officials or private parties needed to secure appropriate court and office space. Proper venue for the respective divisions shall be set forth in Section 7 of this act.
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