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

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

      (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.

      (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.