Under Government Code section 8205, which type of notary public is authorized to demand acceptance and payment of bills of exchange and protest them for nonacceptance or nonpayment?

AI Explanation

Protest authority limited to financial institution notaries. Government Code section 8205(a)(1) authorizes a notary public to demand acceptance and payment of foreign and inland bills of exchange and protest them for nonacceptance and nonpayment. However, the statute explicitly states this applies 'only to a notary public employed by a financial institution, during the course and scope of the notary's employment with the financial institution.' Other notaries do not have this authority.