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A Notarial Protest is a formal declaration made by a notary public regarding the dishonor of a negotiable instrument, such as a bill of exchange, promissory note, or check. When a financial instrument is refused or dishonored, the notary issues a protest to provide official evidence of non-payment or non-acceptance. This process may also include the issuance of a Notice of Dishonor to the responsible parties, ensuring that the legal requirements for pursuing remedies are fulfilled.
A Notarial Protest is a formal declaration made by a notary public regarding the dishonor of a negotiable instrument, such as a bill of exchange, promissory note, or check. When a financial instrument is refused or dishonored, the notary issues a protest to provide official evidence of non-payment or non-acceptance. This process may also include the issuance of a Notice of Dishonor to the responsible parties, ensuring that the legal requirements for pursuing remedies are fulfilled.