[Passed Both Houses]

[First Reprint]

ASSEMBLY, No. 136

STATE OF NEW JERSEY

PRE-FILED FOR INTRODUCTION IN THE 1996 SESSION

By Assemblyman JONES

An Act concerning notaries public and amending R.S.41:2-3.

    Be It Enacted by the Senate and General Assembly of the State of New Jersey:

    1. R.S.41:2-3 is amended to read:

    41:2-3. Oaths administered by notaries public in [bank] financial institution matters.

    a. A notary public who is a stockholder, director, officer, employee or agent of a [bank] financial institution or other corporation may administer an oath to any other stockholder, director, officer, employee or agent of the corporation.

    b. A notary public ¹[who is an employee of] employed by¹ a financial institution ¹[or other corporation]¹ may ¹[refuse to administer an oath to any person] follow directions or policies of the employer which provide that¹ during the hours of the notary public's ¹[regular]¹ employment¹[ as an employee of] by¹ the financial institution ¹[or other corporation or while on the premises of the notary public's employer] the notary public shall not administer oaths except in the course of the business of the employer¹ .

    As used in this section, "financial institution" means a State or federally chartered bank, savings bank, savings and loan association or credit union.

(cf: R.S.41:2-3)          

    2. This act shall take effect immediately.

Clarifies obligations of certain notaries public.