AL SB57

Amends Section 35-4-25 of the Alabama Code to clarify acknowledgment rules for officers of corporations, banking associations, building and loan associations, savings and loan associations, credit unions, and limited liability companies.

Allows officers authorized to take acknowledgments of deeds, mortgages, and other conveyances to do so even if they own or hold not more than one percent of the total issued and outstanding capital stock in the entity.

Requires that officers holding stock under the one percent threshold not hold any office in the business entity at the time of taking the acknowledgment.

Provides that acknowledgments taken under these conditions have the same legal effect as if the officer held no stock in the entity.

Becomes effective on October 1, 2025.