CHAPTER 340

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:

Oaths administered by notaries public in financial institution matters.

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

    a.    A notary public who is a stockholder, director, officer, employee or agent of a 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 employed by a financial institution may follow directions or policies of the employer which provide that during the hours of the notary public's employment by the financial institution the notary public shall not administer oaths except in the course of the business of the employer .

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

    2.    This act shall take effect immediately.

    Approved January 12, 1998.