§ 18-111. Limits on taking acknowledgments or protests

   (a) Acknowledgments and protests allowed. -- Subject to subsection (b) of this section, it is lawful for any notary public who is a stockholder, director, officer, or employee of a bank or other corporation to:

   (1) take the acknowledgment of any party to any written instrument executed to or by the corporation, or to administer an oath to any other stockholder, director, officer, employee, or agent of the corporation; or

   (2) protest for nonacceptance or nonpayment bills of exchange, drafts, checks, notes, and other negotiable instruments that may be owned or held for collection of the corporation.

(b) Acknowledgments and protests prohibited. -- It is unlawful for any notary public to:

   (1) take the acknowledgment of an instrument by or to a bank or other corporation of which the notary is a stockholder, director, officer, or employee if the notary is a party to the instrument, either individually or as a representative of the corporation; or

   (2) protest any negotiable instrument owned or held for collection by the corporation, where the notary is individually a party to the instrument.

HISTORY: An. Code 1957, art. 68, § 10; 1997, ch. 31, § 1.