An acknowledgment or proof of any deed, mortgage, or other conveyance to or by a corporation, national banking association, building and loan association, savings and loan association, credit union, or limited liability company at any time taken by an officer authorized by law to take acknowledgments and proofs of conveyances and at that time owning or holding not more than one percent of the total issued and outstanding capital stock of such corporation, national banking association, building and loan association, savings and loan association, credit union, or limited liability company and not then holding any office in the corporation, national banking association, building and loan association, credit union, or limited liability company shall have the same effect as if the officer did not hold or own any of the stock.
History: (Acts 1931, No. 593, p. 675; Code 1940, T. 47, §26; Act 2024-314, §2; Act 2025-365, §1.)