Title 4 — Economic Resources
115 chapters · 1,861 sections in this title.
4 CMC § 1961 Imposition of Tax
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TITLE 4: ECONOMIC RESOURCES DIVISION 1: REVENUE AND TAXATION § 1961. Imposition of Tax. Whenever a federal estate tax is payable to the United States, there is hereby imposed a Commonwealth estate tax on the taxable estate equal to the amount, if any, of the maximum allowable cre…
4 CMC § 1962 Determination of Commonwealth Estate Tax Liability
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TITLE 4: ECONOMIC RESOURCES DIVISION 1: REVENUE AND TAXATION § 1962. Determination of Commonwealth Estate Tax Liability. The Commonwealth estate tax liability shall be determined in the following manner: The lesser of (a) The foreign death tax credit allowable pursuant to IRC Sec…
4 CMC § 1963 Collection and Administration
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TITLE 4: ECONOMIC RESOURCES DIVISION 1: REVENUE AND TAXATION § 1963. Collection and Administration. The Director of the Division of Revenue and Taxation shall provide for the collection and administration of the tax imposed by 4 CMC § 1961 by rules and regulations promulgated for…
4 CMC § 1964 State Death Tax Credit Allowable Against Federal Estate Tax; Property With Situs in the Commonwealth; Determination
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TITLE 4: ECONOMIC RESOURCES DIVISION 1: REVENUE AND TAXATION § 1964. State Death Tax Credit Allowable Against Federal Estate Tax; Property With Situs in the Commonwealth; Determination. For purposes of this chapter, property situated in the Commonwealth means property in the case…
4 CMC § 4541 Merger
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TITLE 4: ECONOMIC RESOURCES DIVISION 4: CORPORATIONS, PARTNERSHIPS AND ASSOCIATIONS § 4541. Merger. (a) One or more corporations may merge into another corporation if the board of directors of each corporation adopts and its shareholders (if required by 4 CMC § 4543) approve a pl…
4 CMC § 4542 Share Exchange
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TITLE 4: ECONOMIC RESOURCES DIVISION 4: CORPORATIONS, PARTNERSHIPS AND ASSOCIATIONS § 4542. Share Exchange. (a) A corporation may acquire all of the outstanding shares of one or more classes or series of another corporation if the board of directors of each corporation adopts and…
4 CMC § 4543 Action on Plan
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TITLE 4: ECONOMIC RESOURCES DIVISION 4: CORPORATIONS, PARTNERSHIPS AND ASSOCIATIONS § 4543. Action on Plan. (a) After adopting a plan of merger or share exchange, the board of directors of the corporation whose shares will be acquired in the share exchange, shall submit the plan …
4 CMC § 4544 Merger of Subsidiary
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TITLE 4: ECONOMIC RESOURCES DIVISION 4: CORPORATIONS, PARTNERSHIPS AND ASSOCIATIONS § 4544. Merger of Subsidiary. (a) A parent corporation owning at least 90 percent of the outstanding shares of each class of a subsidiary corporation may merge the subsidiary into itself without a…
4 CMC § 4545 Article of Merger or Share Exchange
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TITLE 4: ECONOMIC RESOURCES DIVISION 4: CORPORATIONS, PARTNERSHIPS AND ASSOCIATIONS § 4545. Articles of Merger or Share Exchange. (a) After a plan of merger or share exchange is approved by the shareholders, or adopted by the board of directors if shareholder approval is not requ…
4 CMC § 4546 Effect of Merger or Share Exchange
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TITLE 4: ECONOMIC RESOURCES DIVISION 4: CORPORATIONS, PARTNERSHIPS AND ASSOCIATIONS § 4546. Effect of Merger or Share Exchange. (a) When a merger takes effect: (1) Every other corporation party to the merger merges into the surviving corporation and the separate existence of ever…
4 CMC § 4547 Merger or Share Exchange with Foreign Corporation
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TITLE 4: ECONOMIC RESOURCES DIVISION 4: CORPORATIONS, PARTNERSHIPS AND ASSOCIATIONS § 4547. Merger or Share Exchange with Foreign Corporation. (a) One or more foreign corporations may merge or enter into a share exchange with one or more domestic corporations if: (1) In a merger,…
4 CMC § 4941 Right of Action
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TITLE 4: ECONOMIC RESOURCES DIVISION 4: CORPORATIONS, PARTNERSHIPS AND ASSOCIATIONS § 4941. Right of Action. A member of a limited liability company may maintain an action in the right of the company if the members or managers having authority to do so have refused to commence th…
4 CMC § 4942 Proper Plaintiff
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TITLE 4: ECONOMIC RESOURCES DIVISION 4: CORPORATIONS, PARTNERSHIPS AND ASSOCIATIONS § 4942. Proper Plaintiff. In a derivative action for a limited liability company, the plaintiff must be a member of the company when the action is commenced; and: (1) Must have been a member at th…
4 CMC § 4943 Pleading
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TITLE 4: ECONOMIC RESOURCES DIVISION 4: CORPORATIONS, PARTNERSHIPS AND ASSOCIATIONS § 4943. Pleading. In a derivative action for a limited liability company, the complaint must set forth with particularity the effort of the plaintiff to secure initiation of the action by a member…
4 CMC § 4944 Expenses
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TITLE 4: ECONOMIC RESOURCES DIVISION 4: CORPORATIONS, PARTNERSHIPS AND ASSOCIATIONS § 4944. Expenses. If a derivative action for a limited liability company is successful, in whole or in part, or if anything is received by the plaintiff as a result of a judgment, compromise, or s…