Ports Authority: Exemption from Execution and Bond Requirements

2 CMC § 2162 — under Commonwealth Ports Authority.

2 CMC § 2162

TITLE 2: NATURAL RESOURCES

DIVISION 2: PORTS

§ 2162. Ports Authority: Exemption from Execution and Bond Requirements. No execution or order in aid of judgment may be recovered against the authority, but the board may provide for the payment of judgment from future revenues of the authority after the final recovery of any judgment or by the payment out of any funds on hand and uncommitted. Lands, improvements, monies, or debts due the authority, personal and real property, and assets of every description, belonging to the same, shall be exempted from execution and sale, and from involuntary liens; but the board may make provisions by the levying of appropriate ports user fees and charges or otherwise for the payment of any and all indebtedness owned by the authority. No order in aid of judgment, writ of garnishment or attachment, or other judicial process shall issue against the authority or the directors thereof, or its officers or employees, to subject or cause any debts due, or which may hereafter become due from the authority, to be paid to any person or corporation, or any claim or demand upon any funds in the hands of the authority or any of its officers or agents be required to answer any writ of garnishment. Source: PL 2-48, § 23; amended by PL 4-2, § 2.