Title 4, Economic Resources

Effect of Certificate of Authority. (a) A certificate authorizes the foreign corporation to which it is issued to transact business in the Commonwealth subject, however, to the right of the Commonwealth to revoke the certificate as provided in this part. (b) A foreign corporation…

Corporate Name of Foreign Corporation. (a) If the corporate name of a foreign corporation does not satisfy the requirements of 4 CMC § 4321, the foreign corporation to obtain or maintain a certificate of authority to transact business in the Commonwealth: (1) May add the word “co…

Registered Office and Registered Agent of Foreign Corporation. Each foreign corporation authorized to transact business in the Commonwealth must continuously maintain in the Commonwealth: (a) A registered office that may be the same as any of its places of business; and (b) A reg…

Change of Registered Office or Registered Agent of Foreign Corporation. (a) A foreign corporation authorized to transact business in the Commonwealth may change its registered office or registered agent by delivering to the registrar for filing a statement of change that sets for…

Resignation of Registered Agent of Foreign Corporation. (a) The registered agent of a foreign corporation may resign his agency appointment by signing and delivering to the Registrar of Corporations for filing the original and two exact or conformed copies of a statement of resig…

Service on Foreign Corporation. (a) The registered agent of a foreign corporation authorized to transact business in the Commonwealth is the corporation’s agent for service of process, notice, or demand required or permitted by law to be served on the foreign corporation. (b) A f…

Withdrawal of Foreign Corporation. (a) A foreign corporation authorized to transact business in the Commonwealth may not withdraw from the Commonwealth until it obtains a certificate of withdrawal from the Registrar of Corporations. (b) A foreign corporation authorized to transac…

Grounds for Revocation. The Registrar of Corporations may commence a proceeding under 4 CMC § 4672 to revoke the certificate of authority of a foreign corporation authorized to transact business in the Commonwealth if: (a) The foreign corporation does not deliver its annual repor…

Procedure for and Effect of Revocation. (a) If the Registrar of Corporations determines that one or more grounds exist under 4 CMC § 4671 for revocation of a certificate of authority, he shall serve the foreign corporation with written notice of his determination under 4 CMC § 46…

Appeal From Revocation. (a) A foreign corporation may appeal the Registrar of Corporation’s revocation of its certificate of authority to the Commonwealth Superior Court within 30 days after service of the certificate of revocation is perfected under 4 CMC § 4650. The foreign cor…

Short Title. This Act may be cited as the “Sales Receipt Act of 2002.” Source: PL 13-26, § 1. Commission Comment: PL 13-26, which became effective October 23, 2002, contained the following findings, in addition to severability and savings clause provisions: Section 2. Findings. T…

Definitions. (a) “Gross Revenue” means the total amount of money or the value received from a transaction as defined in 4 CMC § 1103 (k). (b) “Person” means any individual, estate, firm, corporation, company, joint venture, association, partnership, trust, receiver, club, syndica…

Receipt Required. All persons who receive gross revenue from a sale in the Commonwealth shall provide a receipt of the transaction as defined in Section 51202 (c) of this Act to the person from whom the gross revenue was received. Source: PL 13-26, § 4, modified.

Adoption of Regulations. The Department of Finance is authorized to promulgate rules and regulations necessary to implement the requirements of this Act. Source: PL 13-26, § 5, modified.

Enforcement Powers. The Department of Finance shall enforce the provisions of this Act. Source: PL 13-26, § 6, modified.

Penalties. (a) Any person who willfully fails or refuses to issue a receipt as required by this division or who shall make any false or fraudulent receipt with intent to evade any tax, or refuses to permit the director to examine any record of a receipt or receipt bearing, direct…