§138. Powers of notaries public or other officers who are stockholders, directors, officers or employees of a corporation.

Question 1

A notary public may take the acknowledgment or proof of a written instrument by or to a corp of which he is a stockholder, director, officer, or employee, if such officer be a party executing such instrument, true or false?

Answer 1

False, a notary public may not take acknowledgment or proof of a written instrument if such officer be a party executing such instrument, either individually or as a representative of such corp.

Question 2

A notary public who is a stockholder, director, officer or employee of a corporation may take the acknowledgment or proof of any party to a written instrument executed to or by such corp, true or false?

Answer 2

True, a notary public may also administer an oath of any stockholder, director, officer, employee, or agent of such corp.

Question 3

A notary public may protest for non-acceptance or non-payment, bills of exchange, drafts, checks, notes and other negotiable instruments owned or held for collection by such corp, true or false?

Answer 3

True, notary public may protest negotiable instruments (financial and non-financial instruments) owned or held for collection by such corp.

Question 4

A notary public shall protest any negotiable instruments owned or held by such corporation, if such notary public be individually a party to such instrument, or have a financial interest, true or false?

Answer 4

False, a notary public may not protest any negotiable instruments owned or held by such corps if they have a financial interest or signed the instrument