Title 4, Economic Resources

No Liability for Official Acts. No member or employee of the Commonwealth Casino Commission may be sued for doing or omitting to do any official act in the performance of the powers and duties as prescribed in this chapter. Source: PL 21-38 § 26 (Jan. 7, 2021). Commission Comment…

Definitions. As used in this Article, the term: (a) “Casino credit instrument” means a gaming guarantee, marker, or any other writing which evidences a gaming debt owed to a person who holds a casino gaming license in any senatorial district of the Commonwealth and includes any w…

Gaming Debt. (a) Any gaming debt which is evidenced by a casino credit instrument is valid and enforceable in any administrative, civil or criminal proceeding. Any gaming debt not evidenced by a casino credit instrument is void and unenforceable and does not give rise to any admi…

Casino Credit Instruments. The following shall apply to casino credit instruments: (a) A licensee or a person acting on behalf of a licensee: (1) may accept a casino credit instrument that is payable to an affiliated company or may complete a casino credit instrument in the name …

Applicability. The provisions of this Article shall apply to any lawful casino licensee in any senatorial district. Source: PL 20-85 § 3 (Jan. 7, 2019), modified; amended by PL 21-38 § 19 (Jan. 7, 2021). Commission Comment: The Commission changed “Act” to “Article” in this sectio…

Appointment; Term; Removal; Reporting Change of Status. (a) The Attorney General may appoint and commission such numbers of notaries public for the Commonwealth as the Attorney General deems necessary for the public good and convenience. (b) The term of office of a notary public …

Rules and Regulations. (a) The Attorney General may prescribe such rules and regulations as the Attorney General may deem advisable concerning the appointment and duties of notaries public and the administration of this chapter. (b) The Attorney General shall file a copy of such …

Application; Qualifications; Oath. (a) Except as otherwise provided in this chapter, application for a commission as notary public for the Commonwealth shall be submitted to the Attorney General and must be accompanied by two letters of recommendation and an application fee in an…

Filing and Certification of Commission, Seal and Signature. (a) Each person appointed and commissioned a notary public shall forthwith file a literal or photostatic copy of his or her commission, an impression of his or her seal and a specimen of his official signature with the c…

Official Bond; Appointment of Agent for Service of Process. (a) Before entering upon the duties of office, a notary public may, at the discretion of the Attorney General, be required to execute at his or her own expense, an official surety bond for not more than $1,000. (b) The o…

Liabilities of Notary and Surety on Bond. For the official misconduct of a notary public or breach of any of the conditions of the official bond, the notary public and the surety on the official bond are liable to the party injured thereby for all damages sustained. The party sha…

Compliance With Chapter Required; Penalties. (a) No person may act as a notary public or enter upon any duties of that office, or offer or assume to perform any such duties until he or she has fully complied with the requirements of this chapter. (b) Any person willfully violatin…

Generally. A notary public may administer oaths and affirmations, receive proof and acknowledgment of writings, and present and protest commercial paper. Upon compliance with 4 CMC § 3314, a notary public may act officially anywhere in the Commonwealth. Source: 31 TTC § 251; repe…

Seal. (a) Every notary public shall keep a seal of office, which may be a rubber stamp or impression seal, engraved with his or her name, and the words “Notary Public” and “Commonwealth of the Northern Mariana Islands.” The notary public shall authenticate all of his official act…

Records; Form and Effect of Granted Copies or Certificates. Every notary public shall record in a book of records all acts, protests, depositions, and other things noted or done in his or her official capacity. All copies or certificates granted by the notary public shall be unde…

Disposition of Records. (a) The records of each notary public shall be deposited with the Attorney General each year on June 30 and upon the resignation, death, expiration of term of office, removal from or abandonment of office, or change of residence from the Commonwealth. (b) …

Fees: Schedule. Except as provided in 4 CMC § 3326, every notary public is entitled to demand and receive the following fees: (a) Noting the protest of mercantile paper, $2; (b) Each notice and certified copy of protest of mercantile paper, $2; (c) Noting protest other than of me…

Fees: Notaries Not Entitled to Fees. A notary public who is also a paid employee of the United States, or the Commonwealth government who is permitted to perform services as a notary public during working hours may not demand or receive any fees for services performed as a notary…

Mandatory Notary Services. The following offices shall ensure that at least one of their employees is a certified notary public to provide such notary services free of charge to residents of the CNMI: (a) Saipan Higher Education Financial Assistance Board; (b) CNMI Scholarship Of…

Purpose. (a) Every corporation incorporated under this part has the purpose of engaging in any lawful business unless a more limited purpose is set forth in the articles of incorporation. (b) A corporation engaging in a business that is subject to regulation under another statute…

General Powers. Unless the articles of incorporation provide otherwise, every corporation has perpetual duration and succession in its corporate name and has the same powers as an individual to do all things necessary or convenient to carry out its business and affairs, including…

Emergency Powers. (a) In anticipation of or during an emergency defined in subsection (d) of this section, the board of directors of the corporation may: (1) Modify lines of succession to accommodate the incapacity of any director, officer, employee, or agent; and (2) Relocate th…

Ultra Vires. (a) Except as provided in subsection (b) of this section, the validity of corporate action may not be challenged on the ground that the corporation lacks or lacked power to act. (b) A corporation’s power to act may be challenged: (1) In a proceeding by a shareholder …

Agency of Members and Managers. (a) Subject to subsections (b) and (c): (1) Each member is an agent of the limited liability company for the purpose of its business, and an act of a member, including the signing of an instrument in the company’s name, for apparently carrying on i…

Limited Liability Company Liable for Member’s or Manager’s Actionable Conduct. A limited liability company is liable for loss or injury caused to a person, or for a penalty incurred, as a result of a wrongful act or omission, or other actionable conduct, of a member or manager ac…

Liability of Members and Managers. (a) Except as otherwise provided in subsection (c), the debts, obligations, and liabilities of a limited liability company, whether arising in contract, tort, or otherwise, are solely the debts, obligations, and liabilities of the company. A mem…

Actions to Recover Usurious Amounts. No action shall be maintained in any court of the Commonwealth to recover a higher rate of interest than two percent per month on the balance due upon any contract made in the Commonwealth on or after February 15, 1965, involving a principal s…

Crediting of Usurious Interest to Principal. Payments of money or property made by way of usurious interest, whether made in advance or not, as to the excess of interest above the rate allowed by law at the time of making the contract, shall be taken to be payments made on accoun…

Prohibited Transactions. Any person who directly or indirectly receives any interest, discount, or consideration for or upon the loan or forbearance to enforce the payment of money, goods and things in action, greater than two percent per month shall be guilty of usury, and upon …

Foreign Banking Corporations. The director may specifically provide for the operation of foreign banking corporations within the Commonwealth, provided the foreign bank meets the requirements for a Commonwealth bank. The director may establish by regulation the conditions and res…

Foreign Exchange. The director may specifically provide for the operation of the business of selling foreign currency notes or receiving money for the purpose of transmitting the money or its equivalent to foreign countries. The director may establish by regulation such condition…

General Requirements for Insurers. (a) Must Have Authority. (1) No person may act as an insurer and no insurer may transact insurance in the Commonwealth other than as authorized by a certificate of authority granted to it by the Insurance Commissioner, except as to such transact…

Prohibited Acts. (a) Representation of Unauthorized Insurer. Except as otherwise authorized, a person is not permitted to: (1) Represent or assist an unauthorized insurer in procuring, placing, or maintaining any insurance upon or with relation to any subject of insurance residen…

General Agents, Subagents, Adjusters, and Solicitors Defined. (a) General Agent. (1) “General agent” means any person appointed under 4 CMC § 7301(b)(1)(D) and authorized by the insurer to perform any of the following acts in the Commonwealth: (A) Solicit applications for insuran…

Surplus Line Broker or Agent. (a) Issuance of Licenses; Fee; Authority Conferred by License. The Insurance Commissioner, upon receipt of an application in proper form and proof of payment of a license fee of $100 may issue a surplus line license to any duly qualified and licensed…

Unauthorized Insurer (Uniform Unauthorized Insurers Act). (a) Representing or Placing Insurance with Unauthorized Insurers Prohibited. No person, corporation, association or partnership may act as agent for any insurer not authorized to transact insurance business in the Commonwe…

Domestic Insurers. (a) Scope of Section. The provisions of this section apply only to domestic insurers; provided, that the domestic insurers are also subject to all other applicable provisions of this division from which they are not otherwise specifically excepted. (b) Organiza…

Foreign Insurers. (a) Scope of Article. The provisions of this section shall apply only to foreign insurers. Foreign insurers are also subject to all other provisions of this division from which they are not otherwise specifically excepted. (b) General Agent. A foreign insurer sh…

Alien Insurers. (a) Scope of Section. The provisions of this section shall be applicable only to alien insurers. Alien insurers are also subject to all other provisions of this division from which they are not otherwise specifically excepted. (b) General Agent. An alien insurer m…

Enactment. There is hereby enacted a new section to require all garment factories and hotels to install bar screens and grease traps within their premises to prevent the entrance of foreign materials into the public wastewater system. The bar screen and grease traps designs must …

Penalties Imposed. Simultaneous to the implementation of this chapter, the CUC Wastewater Division is herein authorized to impose penalties for violations to the provisions of this chapter. For purposes of effective and practical enforcement, the following penalties are hereby as…

Short Title. This chapter may be cited as the Commonwealth Workers’ Compensation Law. Source: PL 6-33, § 1 (§ 9301), modified. Commission Comment: PL 6-33 took effect October 25, 1989.

Definitions. As used in this chapter: (a) “Administrator” means the executive head of the workers’ compensation system who shall be the Secretary of the Department of Commerce or a designee of the Secretary of the Department of Commerce. (b) “Adoption” or “adopted” refers to a le…

Coverage. (a) Compensation shall be payable under this chapter in case of disability or death of an employee, but only if the disability or death results from an injury or illness arising out of and in the course of employment. (b)(1) An employer who hires a worker in the Commonw…

Liability for Compensation. (a) Every employer shall be liable for and shall secure payment of such compensation as may be required under 4 CMC §§ 9307, 9308 and 9309. (b) Compensation shall be payable irrespective of fault as to the injury. (c) In the case of an employer who is …

Exclusiveness of Liability. Where the conditions of compensation exist, the right to recover such compensation, pursuant to the provisions of this chapter, is the exclusive remedy for injury or death of an employee against the employer or against any other employee of the employe…