(1) A notary public who is a shareholder, director, officer, employee, member or partner
of a business entity may:
(a) Take the acknowledgment of any party to any written instrument executed to or
by the business entity; or
(b) Administer an oath to any other shareholder, director, officer, employee, member
or partner of the business entity or to any agent of the business entity.
(2) A notary public may not take the acknowledgment of an instrument executed to or
by a business entity of which the notary public is a shareholder, director, officer,
employee, member or partner, if the notary public is a party to the instrument, either
individually or as a representative of the business entity.
(3) As used in this section:
(a) “Business entity” means a financial institution, trust company, corporation, professional corporation,
cooperative, limited liability company, nonprofit corporation, partnership, limited
liability partnership or limited partnership.
(b) “Financial institution” has the meaning given that term in ORS 706.008.
(c) “Trust company” has the meaning given that term in ORS 706.008.
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