(a) It shall be lawful for any notary public who is a stockholder, director, officer, or employee of a bank or other corporation to 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 to protest for nonacceptance or nonpayment bills of exchange, drafts, checks, notes, and other negotiable instruments which may be owned or held for collection by the corporation.
(b) It shall be unlawful for any notary public to take the acknowledgment of an instrument executed by or to a bank or other corporation of which he or she is a stockholder, director, officer, or employee where the notary public is a party to the instrument, either individually or as a representative of the corporation, or to protest any negotiable instrument owned or held for collection by the corporation, where the notary public is individually a party to the instrument.
Structure Arkansas Code
Title 21 - Public Officers and Employees
Subchapter 1 - General Provisions
§ 21-14-101. Appointment and commission
§ 21-14-102. Change of residence
§ 21-14-103. Change in personal information
§ 21-14-104. Power and authority generally
§ 21-14-105. Administration of oaths
§ 21-14-106. Acknowledgments and authentications
§ 21-14-108. Expiration date of commission
§ 21-14-109. Performance of duties for corporation
§ 21-14-110. Admissibility of acknowledged instruments
§ 21-14-111. Unlawful act — Penalty — Definition
§ 21-14-112. Denial or revocation of notary public commission