§ 304. Authority to perform notarial act.
(a) Permitted.--A notarial officer may perform a notarial act authorized by this chapter or by statutory provision other than this chapter.
(1) A notarial officer may not perform a notarial act with respect to a record in which the notarial officer or the notarial officer's spouse has a direct or pecuniary interest.
(2) For the purpose of this subsection, none of the following shall constitute a direct or pecuniary interest:
(i) being a shareholder in a publicly traded company that is a party to the notarized transaction;
(ii) being an officer, director or employee of a company that is a party to the notarized transaction, unless the director, officer or employee personally benefits from the transaction other than as provided under subparagraph (iii); or
(iii) receiving a fee that is not contingent upon the completion of the notarized transaction.
(3) A notarial act performed in violation of this subsection is voidable.
Cross References. Section 304 is referred to in sections 315, 326 of this title.Section: Previous 301 302 303 304 305 306 307 308 309 310 311 312 313 314 Next
Last modified: October 8, 2016