Title 4 — Economic Resources

115 chapters · 1,861 sections in this title.

134 sectionsFiltered byTitle 4 Ch 2

4 CMC § 10201 Charter of the Authority
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TITLE 4: ECONOMIC RESOURCES DIVISION 10: COMMONWEALTH ECONOMIC DEVELOPMENT AUTHORITY § 10201. Charter of the Authority. (a) There is created as an autonomous public agency of the Commonwealth of the Northern Mariana Islands, a body corporate to be known as the Commonwealth Econom…
4 CMC § 10202 Development Authority: Banking and Corporation Divisions
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TITLE 4: ECONOMIC RESOURCES DIVISION 10: COMMONWEALTH DEVELOPMENT AUTHORITY § 10202. Development Authority: Banking and Corporation Divisions. The functions of the authority shall be carried out through a Development Banking Division and a Development Corporation Division. Subjec…
4 CMC § 10203 Powers and Restrictions
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TITLE 4: ECONOMIC RESOURCES DIVISION 10: COMMONWEALTH ECONOMIC DEVELOPMENT AUTHORITY § 10203. Powers and Restrictions. (a) Subject to any limitation set forth in this division, the authority shall have those powers reasonably necessary and incidental to the fulfillment of its pur…
4 CMC § 1201 Wage and Salary Tax
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TITLE 4: ECONOMIC RESOURCES DIVISION 1: REVENUE AND TAXATION § 1201. Wage and Salary Tax. There is imposed on every employee a yearly tax on the employee’s total wages and salaries. Source: PL 9-22, § 1 (§ 1201) (repealing PL 3-11, § 201). Commission Comment: PL 9-22, a comprehen…
4 CMC § 1202 Earnings Tax
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TITLE 4: ECONOMIC RESOURCES DIVISION 1: REVENUE AND TAXATION § 1202 § 1202. Earnings Tax. (a) There is imposed on every person a yearly tax on such person’s total earnings. (b) For purposes of this chapter, “earnings” shall mean: (1) A gain as determined under NMTIT Section 1001 …
4 CMC § 1203 Exemptions
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TITLE 4: ECONOMIC RESOURCES DIVISION 1: REVENUE AND TAXATION § 1203. Exemptions. 4 CMC § 1202 shall not apply to: (a) A person exempt from the NMTIT, under NMTIT Sections 501(c)(3), 501(c)(4), 501(c)(5), 501(c)(6), 501(c)(8), 501(c)(10) or as a qualified plan under NMTIT Section …
4 CMC § 1204 Amount of Tax
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TITLE 4: ECONOMIC RESOURCES DIVISION 1: REVENUE AND TAXATION § 1204. Amount of Tax. The amount of tax imposed by 4 CMC §§ 1201 and 1202 shall be determined in accordance with the following schedule: If the total yearly wages or The tax on the total yearly wages and total yearly e…
4 CMC § 1205 Education Tax Credit
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TITLE 4: ECONOMIC RESOURCES DIVISION 1: REVENUE AND TAXATION § 1205 § 1205. Education Tax Credit. (a) A person may take cash contributions made during the tax year to qualifying educational institutions as a nonrefundable credit against the tax imposed by 4 CMC § 1201 and 4 CMC §…
4 CMC § 1206 Nonrefundable Credit
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TITLE 4: ECONOMIC RESOURCES DIVISION 1: REVENUE AND TAXATION § 1206. Nonrefundable Credit. A person may take the tax imposed on wages and salaries or earnings under this chapter as a nonrefundable credit against the tax imposed on Commonwealth source income under Subtitle A of th…
4 CMC § 1207 Filing Returns
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TITLE 4: ECONOMIC RESOURCES DIVISION 1: REVENUE AND TAXATION § 1207. Filing Returns. All persons subject to tax under this chapter shall file the appropriate return in the manner prescribed by the secretary. The required filing date for such return shall be no later than the fift…
4 CMC § 1208 Legal Services and Access to Justice Tax Credit
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TITLE 4: ECONOMIC RESOURCES DIVISION 1: REVENUE AND TAXATION § 1208. Legal Services and Access to Justice Tax Credit. (a) A person may take cash contributions made during the tax year to qualifying nonprofit legal services organizations as a nonrefundable credit against the tax i…
4 CMC § 2201 Definitions
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TITLE 4: ECONOMIC RESOURCES DIVISION 2: TOURISM § 2201. Definitions. For the purpose of this chapter: (a) "Authority to sell duty-free merchandise" means the authority to use a port of entry to offer to sell or sell duty-free merchandise, or to deliver duty-free merchandise, sold…
4 CMC § 2202 Authority to Grant Concessions
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TITLE 4: ECONOMIC RESOURCES DIVISION 2: TOURISM § 2202. Authority to Grant Concessions. (a) The Commonwealth Ports Authority may grant to any person a concession for one or more ports of entry and enter into a concession agreement with that person in the manner provided in 4 CMC …
4 CMC § 2203 Grant on Prepaid Concession Fee Basis
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TITLE 4: ECONOMIC RESOURCES DIVISION 2: TOURISM § 2203. Grant on Prepaid Concession Fee Basis. At any port of entry where the Commonwealth Ports Authority determines prepayment of the concession fee to be desirable or necessary to supplement available public funds for purposes of…
4 CMC § 2204 [Reserved.]
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TITLE 4: ECONOMIC RESOURCES DIVISION 2: TOURISM § 2204. [Reserved.] Source: PL 4-60, § 2 (§ 2204), modified; repealed and reserved by PL 19-76 § 2 (Jan. 12, 2017). Commission Comment: [Historical comments removed.]
4 CMC § 2205 [Reserved.]
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TITLE 4: ECONOMIC RESOURCES DIVISION 2: TOURISM § 2205. [Reserved.] Source: PL 4-60, § 2 (§ 2205); (a) amended by PL 19-21 § 3 (Nov. 13, 2015); repealed and reserved by PL 19-76 § 2 (Jan. 12, 2017). Commission Comment: [Historical comments removed.]
4 CMC § 2206 Award of Concession
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TITLE 4: ECONOMIC RESOURCES DIVISION 2: TOURISM § 2206. Award of Concession. (a) New Concession. Award of a new concession shall be by bid or via request for proposal as determined by the Commonwealth Ports Authority following the appropriate corresponding announcement of the sco…
4 CMC § 2207 Importation of Goods; Taxes
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TITLE 4: ECONOMIC RESOURCES DIVISION 2: TOURISM § 2207. Importation of Goods; Taxes. Pursuant to a concession agreement and except as prohibited by law, foreign merchandise may be imported into the Commonwealth for resale as duty-free merchandise. All tariffs, duties, excise taxe…
4 CMC § 2208 License Fee
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TITLE 4: ECONOMIC RESOURCES DIVISION 2: TOURISM § 2208. License Fee. There shall be paid to the Commonwealth government as a license fee the sum of $1,000 each year by any person who is granted a concession in any port of entry and granted the authority to sell duty-free merchand…
4 CMC § 2209 Regulations
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TITLE 4: ECONOMIC RESOURCES DIVISION 2: TOURISM § 2209. Regulations. The Commonwealth Ports Authority shall promulgate such rules and regulations as it deems necessary to carry out the provisions and intent of this chapter. Specifically, the Commonwealth Ports Authority shall pro…
4 CMC § 2210 Determinations by the Commonwealth Ports Authority
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TITLE 4: ECONOMIC RESOURCES DIVISION 2: TOURISM § 2210. Determinations by the Commonwealth Ports Authority. Determinations of the scope of a concession per 4 CMC § 2201(c), to grant a concession and enter into a concession agreement per 4 CMC § 2202(a), to establish a certain con…
4 CMC § 2211 [Reserved.]
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TITLE 4: ECONOMIC RESOURCES DIVISION 2: TOURISM § 2211. [Reserved.] Source: PL 4-60, § 2 (§ 2211), modified; repealed and reserved by PL 19-76 § 2 (Jan. 12, 2017). Commission Comment: [Historical comments removed.]
4 CMC § 2212 [Reserved.]
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TITLE 4: ECONOMIC RESOURCES DIVISION 2: TOURISM § 2212. [Reserved.] Source: PL 4-60, § 2 (§ 2212); repealed and reserved by PL 19-76 § 2 (Jan. 12, 2017). Commission Comment: [Historical comments removed.]
4 CMC § 2213 Effect of Other Law
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TITLE 4: ECONOMIC RESOURCES DIVISION 2: TOURISM § 2213. Effect of Other Law. No other law of the Commonwealth shall be construed to prohibit any conduct by any person, public or private, within the contemplation or intent of this chapter. Source: PL 4-60, § 4; repealed and reenac…
4 CMC § 3211 Definitions
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TITLE 4: ECONOMIC RESOURCES DIVISION 3: BUSINESS AND PROFESSIONS § 3211. Definitions. As used in this chapter: (a) Architects. (1) “Architect” means a person who has been duly licensed by the Board to engage in the practice of architecture, as hereinafter defined. (i) “Practice o…
4 CMC § 3212 Licensure of Professionals
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TITLE 4: ECONOMIC RESOURCES DIVISION 3: BUSINESSES AND PROFESSIONS § 3212. Licensure of Professionals. In order to safeguard life, health and property, no person except those exempted by Section 3213 of this Chapter, shall practice or offer to practice professional engineering, a…
4 CMC § 3213 Persons Exempt From Licensure
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TITLE 4: ECONOMIC RESOURCES DIVISION 3: BUSINESSES AND PROFESSIONS § 3213. Persons Exempt from Licensure. The following persons are exempted from this Chapter: (a) Persons practicing professional engineering, architecture, land surveying, landscape architecture or real property a…
4 CMC § 3214 Temporary Licenses
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TITLE 4: ECONOMIC RESOURCES DIVISION 3: BUSINESSES AND PROFESSIONS § 3214. Temporary Licenses. (a) The Board may grant a temporary license to a person who is not a resident of the Commonwealth or who has no established place of business in the Commonwealth and who desires to prac…
4 CMC § 3215 Qualification for Licensure
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TITLE 4: ECONOMIC RESOURCES DIVISION 3: BUSINESSES AND PROFESSIONS § 3215. Qualification for Licensure. (a) No person shall be eligible for licensure or certification as an engineer, architect, land surveyor, landscape architect, or real property appraiser unless such person meet…
4 CMC § 3216 Application for Licensure, Certification or Renewal
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TITLE 4: ECONOMIC RESOURCES DIVISION 3: BUSINESSES AND PROFESSIONS § 3216. Application for Licensure, Certification or Renewal. (a) Application for licensure or certification shall be made upon application forms to be furnished by the Board and shall be signed and sworn to under …
4 CMC § 3217 Licenses, Certificates, Seals
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TITLE 4: ECONOMIC RESOURCES DIVISION 3: BUSINESSES AND PROFESSIONS § 3217. Licenses, Certificates, Seals. (a) Each certificate or license issued hereunder shall bear the date of the original licensure and shall specify whether the individual or firm to whom it is issued is author…
4 CMC § 3218 Disciplinary Action: Reprimand, Suspension or Revocation; Refusal to Issue; Restore or Renew; Place on Probation or Conditioning of Certificate or License
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TITLE 4: ECONOMIC RESOURCES DIVISION 3: BUSINESS AND PROFESSIONS § 3218. Disciplinary Action: Reprimand, Suspension or Revocation; Refusal to Issue, Restore or Renew; Place on Probation or Conditioning of Certificate or License. (a) The Board shall have the power to impose admini…
4 CMC § 3219 Disciplinary Action: Procedures
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TITLE 4: ECONOMIC RESOURCES DIVISION 3: BUSINESSES AND PROFESSIONS § 3219. Disciplinary Action: Procedures. (a) The Board shall amend the regulations to provide prompt and efficient receipt, investigation and resolution of complaints and hearings. Such procedures shall include no…
4 CMC § 3220 Disciplinary Action
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TITLE 4: ECONOMIC RESOURCES DIVISION 3: BUSINESSES AND PROFESSIONS § 3220. Disciplinary Action. (a) If the accused is found guilty, he/she shall be subject to the following: (1) Refusal or denial of license or certificate; (2) Suspension; (3) Revocation; (4) License or certificat…
4 CMC § 3221 Corporations and Partnerships (Firms)
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TITLE 4: ECONOMIC RESOURCES DIVISION 3: BUSINESSES AND PROFESSIONS § 3221. Corporations and Partnerships (Firms). (a) The practice of, or offer to practice engineering, architecture, land surveying, or landscape architecture through a corporation or partnership by individuals lic…
4 CMC § 3222 Structures Exempted From Provisions of this Chapter
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TITLE 4: ECONOMIC RESOURCES DIVISION 3: BUSINESSES AND PROFESSIONS § 3222. Structures Exempted from Provision of this Chapter. The provisions of this Chapter, shall not apply to work in respect to any privately owned or privately controlled one-storied building, dwelling or struc…
4 CMC § 4201 Registrar of Corporations; Duties
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TITLE 4: ECONOMIC RESOURCES DIVISION 4: CORPORATIONS, PARTNERSHIPS AND ASSOCIATIONS § 4201. Registrar of Corporations; Duties. There is in the office of the Attorney General a Registrar of Corporations, appointed by the Governor, who shall issue, receive, and hold as custodian al…
4 CMC § 4202 Authority to Promulgate Rules and Regulations
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TITLE 4: ECONOMIC RESOURCES DIVISION 4: CORPORATIONS, PARTNERSHIPS AND ASSOCIATIONS § 4202. Authority to Promulgate Rules and Regulations. The Registrar of Corporations, with the approval of the Attorney General and the Governor, may prescribe such rules and regulations as are de…
4 CMC § 4203 Power to Convene Corporate Meeting
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TITLE 4: ECONOMIC RESOURCES DIVISION 4: CORPORATIONS, PARTNERSHIPS AND ASSOCIATIONS § 4203. Power to Convene Corporate Meeting. The Registrar of Corporations may, when deemed by him to be in the public interest, convene a special meeting of the members, board of directors, or off…
4 CMC § 4204 Power to Order Production of Records
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TITLE 4: ECONOMIC RESOURCES DIVISION 4: CORPORATIONS, PARTNERSHIPS AND ASSOCIATIONS § 4204. Power to Order Production of Records. In connection with the duties prescribed in this chapter the Registrar of Corporations may order the production of books of account, papers and docume…
4 CMC § 4205 Filing, Service, and Copying Fees
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TITLE 4: ECONOMIC RESOURCES § 4205 DIVISION 4: CORPORATIONS, PARTNERSHIPS AND ASSOCIATIONS § 4205. Filing, Service, and Copying Fees. (a) The following fees are imposed and, shall be paid to the Department of Finance and proof of payment delivered to the Registrar of Corporations…
4 CMC § 4301 Incorporators
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TITLE 4: ECONOMIC RESOURCES DIVISION 4: CORPORATIONS, PARTNERSHIPS AND ASSOCIATIONS § 4301. Incorporators. One or more persons may act as the incorporator or incorporators of a corporation by delivering articles of incorporation to the Registrar of Corporations for filing. Source…
4 CMC § 4302 Article of Incorporation
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TITLE 4: ECONOMIC RESOURCES DIVISION 4: CORPORATIONS, PARTNERSHIPS AND ASSOCIATIONS § 4302. Articles of Incorporation. (a) The articles of incorporation must set forth: (1) A corporate name for the corporation that satisfies the requirements of 4 CMC § 4321; (2) The number of sha…
4 CMC § 4303 Incorporation
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TITLE 4: ECONOMIC RESOURCES DIVISION 4: CORPORATIONS, PARTNERSHIPS AND ASSOCIATIONS § 4303. Incorporation. (a) Unless a delayed effective date is specified, the corporate existence begins when the articles of incorporation are filed. (b) The Registrar of Corporation’s filing of t…
4 CMC § 4304 Liability for Pre-Incorporation Transactions
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TITLE 4: ECONOMIC RESOURCES DIVISION 4: CORPORATIONS, PARTNERSHIPS AND ASSOCIATIONS § 4304. Liability for Pre-Incorporation Transactions. All persons purporting to act as or on behalf of a corporation, knowing there was no incorporation under this part, are jointly and severally …
4 CMC § 4305 Organization of Corporation
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TITLE 4: ECONOMIC RESOURCES DIVISION 4: CORPORATIONS, PARTNERSHIPS AND ASSOCIATIONS § 4305. Organization of Corporation. (a) After incorporation: (1) If initial directors are named in the articles of incorporation, the initial directors shall hold an organizational meeting, at th…
4 CMC § 4306 Bylaws
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TITLE 4: ECONOMIC RESOURCES DIVISION 4: CORPORATIONS, PARTNERSHIPS AND ASSOCIATIONS § 4306. Bylaws. (a) The incorporators or board of directors of a corporation shall adopt initial bylaws for the corporation. (b) The bylaws of a corporation may contain any provisions for managing…
4 CMC § 4307 Emergency Bylaws
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TITLE 4: ECONOMIC RESOURCES DIVISION 4: CORPORATIONS, PARTNERSHIPS AND ASSOCIATIONS § 4307. Emergency Bylaws. (a) Unless the articles of incorporation provide otherwise, the board of directors of a corporation may adopt bylaws to be effective only in an emergency defined in subse…
4 CMC § 4821 Limited Liability Corporation as Legal Entity
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TITLE 4: ECONOMIC RESOURCES DIVISION 4: CORPORATIONS, PARTNERSHIPS AND ASSOCIATIONS § 4821. Limited Liability Company as Legal Entity. A limited liability company is a legal entity distinct from its members. Source: PL 14-11, § 2 (201). Commission Comment: See the comment to 4 CM…
4 CMC § 4822 Organization
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TITLE 4: ECONOMIC RESOURCES DIVISION 4: CORPORATIONS, PARTNERSHIPS AND ASSOCIATIONS § 4822. Organization. (a) One or more persons may organize a limited liability company, consisting of one or more members, by delivering articles of organization to the office of the Registrar of …