Uniform Law on Notarial Acts

ORS 194.375
Protest of commercial paper

(1)

A notary public may protest commercial paper if the notary public is:

(a)

An officer or employee of a financial institution or trust company;

(b)

An officer or employee of an investment company;

(c)

An individual serving under the direct supervision of an officer or employee of a financial institution, trust company or investment company; or

(d)

An active member of the Oregon State Bar, or an individual serving under the direct supervision of an active member of the Oregon State Bar.

(2)

Each notary public who protests commercial paper shall take the actions required by ORS 73.0505 (Evidence of dishonor).

(3)

A notary public may not protest commercial paper owned or held for collection by a financial institution, trust company or investment company if the notary public is individually a party to the commercial paper.

(4)

As used in this section:

(a)

“Financial institution” has the meaning given that term in ORS 706.008 (Additional definitions for Bank Act).

(b)

“Investment company” means an entity that is registered as an investment company under the federal investment company laws.

(c)

“Trust company” has the meaning given that term in ORS 706.008 (Additional definitions for Bank Act). [2013 c.219 §32 (enacted in lieu of 194.070)]
Source

Last accessed
May 26, 2023

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