(1) A notary public who is a stockholder, director, officer or employee of a bank or trust company or other corporation may:
(a) Take the acknowledgment of any party to any written instrument executed to or by such corporation;
(b) Administer an oath to any other stockholder, director, officer, employee or agent of such corporation; and
(c) Protest commercial paper owned or held for collection by such corporation.
(2) A notary public shall not:
(a) Take the acknowledgment of an instrument executed by or to a bank or trust company or other corporation of which the notary is a stockholder, director, officer or employee, if the notary is a party to such instrument, either individually or as a representative of such corporation; or
(b) Protest any commercial paper owned or held for collection by such corporation, if the notary is individually a party to the instrument. [Amended by 1967 c.541 §15]
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