Title 4 — Economic Resources
115 chapters · 1,861 sections in this title.
4 CMC § 10501 Definitions
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TITLE 4: ECONOMIC RESOURCES DIVISION 10: COMMONWEALTH ECONOMIC DEVELOPMENT AUTHORITY § 10501. Definitions. As used in this division: (a) “Bond trustee” means the trustee under the indenture of trust. (b) “Bondholder” means any person who shall be the registered owner of any outst…
4 CMC § 10502 Power to Pledge Covenant Funds
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TITLE 4: ECONOMIC RESOURCES DIVISION 10: COMMONWEALTH ECONOMIC DEVELOPMENT AUTHORITY § 10502. Power to Pledge Covenant Funds. Covenant funds may be pledged to secure the payment of principal, premium and interest on bonds, the proceeds of which are to be used by CEDA to finance s…
4 CMC § 10503 Covenant Funds; Appropriations
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TITLE 4: ECONOMIC RESOURCES DIVISION 10: COMMONWEALTH DEVELOPMENT AUTHORITY § 10503. Covenant Funds; Appropriations. Pursuant to a grant pledge agreement between the Commonwealth and DOI, or any successor to DOI, with respect to Covenant funds, such pledged Covenant funds shall b…
4 CMC § 10504 Release of Covenant Funds
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TITLE 4: ECONOMIC RESOURCES DIVISION 10: COMMONWEALTH ECONOMIC DEVELOPMENT AUTHORITY § 10504. Release of Covenant Funds. The CEDA is hereby authorized to direct the Covenant funds trustee to pay and the Covenant funds trustee shall pay in accordance with such direction, amounts, …
4 CMC § 10505 Exclusive Use
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TITLE 4: ECONOMIC RESOURCES DIVISION 10: COMMONWEALTH DEVELOPMENT AUTHORITY § 10505. Exclusive Use. Covenant funds in the parity lot subaccounts of the trust account, or interest earned therefrom, may only be used to pay or provide for the payment of principal, premium and intere…
4 CMC § 10506 Lapse of Trust Account Funds
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TITLE 4: ECONOMIC RESOURCES DIVISION 10: COMMONWEALTH ECONOMIC DEVELOPMENT AUTHORITY § 10506. Lapse of Trust Account Funds. If, for any reason whatsoever, Covenant funds, or interest earned therefrom, are no longer needed to secure, or to make, principal or interest payments to b…
4 CMC § 10507 Investment of Funds in Parity Lot Subaccounts
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TITLE 4: ECONOMIC RESOURCES DIVISION 10: COMMONWEALTH ECONOMIC DEVELOPMENT AUTHORITY § 10507. Investment of Funds in Parity Lot Subaccounts. The Covenant funds trustee is authorized to invest and reinvest amounts in parity lot subaccounts of the trust account as allowed by law an…
4 CMC § 10508 Revolving Fund Proceeds; Use
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TITLE 4: ECONOMIC RESOURCES DIVISION 10: COMMONWEALTH DEVELOPMENT AUTHORITY § 10508. Revolving Fund Proceeds; Use. Loan agreement repayments made by an autonomous public agency shall be deposited only into the revolving fund for financing of additional revenue and non-revenue pro…
4 CMC § 1501 Bar Tax
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TITLE 4: ECONOMIC RESOURCES DIVISION 1: REVENUE AND TAXATION § 1501. Bar Tax. (a) There is imposed upon any person doing business in any establishment located in the Commonwealth which is licensed to serve alcoholic beverages for consumption on the premises of the establishment, …
4 CMC § 1502 Hotel Occupancy Tax
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TITLE 4: ECONOMIC RESOURCES DIVISION 1: REVENUE AND TAXATION § 1502. Hotel Occupancy Tax. (a) An occupancy tax is imposed upon transient occupants of a room or rooms in a hotel, lodging house, motel, resort motel, apartment, apartment motel, rooming house, private residence, bed …
4 CMC § 1503 Amusement Machines
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TITLE 4: ECONOMIC RESOURCES DIVISION 1: REVENUE AND TAXATION § 1503. Amusement Machines. (a) There is imposed the following annual license fees for the commercial operation of amusement machines in the Commonwealth as follows: (1) For amusement machines (other than poker, pachink…
4 CMC § 1504 Limitation on Number of Poker Machine Licenses Issued
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TITLE 4: ECONOMIC RESOURCES DIVISION 1: REVENUE AND TAXATION § 1504. Limitation on Number of Poker Machine Licenses Issued. (a) Except as provided in subsection (c) or (d) of this section, the total number of poker machine licenses issued under this chapter shall not exceed 200 p…
4 CMC § 1505 Gaming Machine Jackpot Tax
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TITLE 4: ECONOMIC RESOURCES DIVISION 1: REVENUE AND TAXATION § 1505. Gaming Machine Jackpot Tax. A tax on all winnings from poker machines, pachinko machines, slot machines, pachinko slot machines, and similar gaming devices shall be assessed as follows: (a) Jackpot winnings shal…
4 CMC § 1506 Criminal Penalty
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TITLE 4: ECONOMIC RESOURCES DIVISION 1: REVENUE AND TAXATION § 1506. Criminal Penalty. (a) A person commits a criminal offense when he places or causes to be placed into operation an unlicensed poker, pachinko slot or similar amusement machine and, upon conviction, shall be punis…
4 CMC § 1507 Regulation
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TITLE 4: ECONOMIC RESOURCES DIVISION 1: REVENUE AND TAXATION § 1507. Regulation. (a) The Secretary of Finance shall promulgate reasonable rules and regulations which shall provide for, inter alia, the issuance of licenses, relocation of amusement machines, temporary suspension or…
4 CMC § 1508 Reservation of License Revenue
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TITLE 4: ECONOMIC RESOURCES DIVISION 1: REVENUE AND TAXATION § 1508. Reservation of License Revenue. (a) The Secretary of Finance shall first reserve $13,000,000.00 of the revenues generated from the licensing of amusement machines under 4 CMC § 1503(a)(2) and 4 CMC § 1503(a)(5) …
4 CMC § 1509 No Minors Allowed to Play Pachinko Slot or Similar Machines
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TITLE 4: ECONOMIC RESOURCES DIVISION 1: REVENUE AND TAXATION § 1509. No Minors Allowed to Play Pachinko Slot or Similar Machines. A person who is less than 18 years old shall not be allowed to play under 4 CMC § 1503(a)(5). Source: PL 9-29, § 8, modified. Commission Comment: The …
4 CMC § 1510 Repeal of Certain Pachinko Regulations; Restrictions on Regula-tions
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TITLE 4: ECONOMIC RESOURCES DIVISION 1: REVENUE AND TAXATION § 1510. Repeal of Certain Pachinko Regulations; Restrictions on Regulations. Section 2400.3 (p) and (q) of the “Rules and Regulations for the Operation of Pachinko Slot Machines in the Commonwealth of the Northern Maria…
4 CMC § 1511 Special Accounts
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TITLE 4: ECONOMIC RESOURCES DIVISION 1: REVENUE AND TAXATION § 1511. Special Accounts. The Secretary of Finance shall establish the following special accounts into which all revenues raised from the licensing of electronic table games under 4 CMC § 1503(a)(6) above shall be depos…
4 CMC § 1512 Disposition of Taxes
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TITLE 4: ECONOMIC RESOURCES DIVISION 1: REVENUE AND TAXATION § 1512. Disposition of Taxes. (a) The Secretary of Finance shall establish a special Cannabis Tax Account (CTA) separate from the general funds. The funds in the CTA Account shall not lapse and shall not be subject to f…
4 CMC § 4331 Registered Office and Registered Agent
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TITLE 4: ECONOMIC RESOURCES DIVISION 4: CORPORATIONS, PARTNERSHIPS AND ASSOCIATIONS § 4331. Registered Office and Registered Agent. Each corporation must continuously maintain in the Commonwealth: (a) A registered office that may be the same as any of its places of business; and …
4 CMC § 4332 Change of Registered Office or Registered Agent
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TITLE 4: ECONOMIC RESOURCES DIVISION 4: CORPORATIONS, PARTNERSHIPS AND ASSOCIATIONS § 4332. Change of Registered Office or Registered Agent. (a) A corporation may change its registered office or registered agent by delivering to the Registrar of Corporations for filing a statemen…
4 CMC § 4333 Resignation of Registered Agent
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TITLE 4: ECONOMIC RESOURCES DIVISION 4: CORPORATIONS, PARTNERSHIPS AND ASSOCIATIONS § 4333. Resignation of Registered Agent. (a) A registered agent may resign his agency appointment by signing and delivering to the Registrar of Corporations for filing the signed original and two …
4 CMC § 4334 Service on Corporation
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TITLE 4: ECONOMIC RESOURCES DIVISION 4: CORPORATIONS, PARTNERSHIPS AND ASSOCIATIONS § 4334. Service on Corporation. (a) A corporation’s registered agent is the corporation’s agent for service of process, notice, or demand required or permitted by law to be served on the corporati…
4 CMC § 4871 Member's Distributional Interest
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TITLE 4: ECONOMIC RESOURCES DIVISION 4: CORPORATIONS, PARTNERSHIPS AND ASSOCIATIONS § 4871. Member’s Distributional Interest. (a) A member is not a co-owner of, and has no transferable interest in, property of a limited liability company. (b) A distributional interest in a limite…
4 CMC § 4872 Transfer of Distributional Interest
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TITLE 4: ECONOMIC RESOURCES DIVISION 4: CORPORATIONS, PARTNERSHIPS AND ASSOCIATIONS § 4872. Transfer of Distributional Interest. A transfer of a distributional interest does not entitle the transferee to become or to exercise any rights of a member. A transfer entitles the transf…
4 CMC § 4873 Rights of Transferee
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TITLE 4: ECONOMIC RESOURCES DIVISION 4: CORPORATIONS, PARTNERSHIPS AND ASSOCIATIONS § 4873. Rights of Transferee. (a) A transferee of a distributional interest may become a member of a limited liability company if and to the extent that the transferor gives the transferee the rig…
4 CMC § 4874 Rights of Creditor
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TITLE 4: ECONOMIC RESOURCES DIVISION 4: CORPORATIONS, PARTNERSHIPS AND ASSOCIATIONS § 4874. Rights of Creditor. (a) On application by a judgment creditor of a member of a limited liability company or of a member’s transferee, a court having jurisdiction may charge the distributio…
4 CMC § 5511 Definitions
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TITLE 4: ECONOMIC RESOURCES DIVISION 5: BUSINESS REGULATION § 5511. Definitions. When used in this chapter: (a) “Alcoholic beverage” means beer, distilled spirits, wine and tuba, and every liquid which contains one-half of one percent or more of alcohol by volume and which is fit…
4 CMC § 5512 Applicability
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TITLE 4: ECONOMIC RESOURCES DIVISION 5: BUSINESS REGULATION § 5512. Applicability. (a) The statutes in this chapter shall be applicable to each senatorial district, unless the senatorial district enacts local laws pursuant to subsection (b) below which differ from the statutes co…
4 CMC § 5513 Regulations
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TITLE 4: ECONOMIC RESOURCES DIVISION 5: BUSINESS REGULATION § 5513. Regulations. The Department of Commerce is authorized to promulgate rules and regulations to implement the intent and provisions of 4 CMC §§ 5511(j), 5554 and 5557. Source: PL 16-27, § 5, modified. Commission Com…
4 CMC § 5521 License Required
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TITLE 4: ECONOMIC RESOURCES DIVISION 5: BUSINESS REGULATION § 5521. License Required. Except as authorized in this chapter, a person shall not import, manufacture, or sell alcoholic beverages without a license. Source: MIDC § 11.08.010. Commission Comment: See the comment to 4 CM…
4 CMC § 5522 Revocation or Voluntary Surrender; Disposal of Stock
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TITLE 4: ECONOMIC RESOURCES DIVISION 5: BUSINESS REGULATION § 5522. Revocation or Voluntary Surrender; Disposal of Stock. A person in possession of a stock of lawfully acquired alcoholic beverages following the revocation or voluntary surrender of, or failure to renew a license, …
4 CMC § 5523 Exception: Sacramental Wines
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TITLE 4: ECONOMIC RESOURCES DIVISION 5: BUSINESS REGULATION § 5523. Exception: Sacramental Wines. A religious organization may import or receive without a license, sacramental wine for use in the religious rites of such religious organization. Source: MIDC § 11.08.030.
4 CMC § 5524 Exception: New Arrivals
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TITLE 4: ECONOMIC RESOURCES DIVISION 5: BUSINESS REGULATION § 5524. Exception: New Arrivals. A person entering the Commonwealth for the first time or returning to the Commonwealth after an absence of 15 days, may bring with him for private use, and not for resale, alcoholic bever…
4 CMC § 5525 Nonprofit Organization: Temporary License Authorized; Fee Exemption; Term
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TITLE 4: ECONOMIC RESOURCES DIVISION 5: BUSINESS REGULATION § 5525. Nonprofit Organization: Temporary License Authorized; Fee Exemption; Term. The Governor may issue a temporary on-sale license to any recognized nonprofit organization for the sale of alcoholic beverages without t…
4 CMC § 5526 Classes and Fees
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TITLE 4: ECONOMIC RESOURCES DIVISION 5: BUSINESS REGULATION § 5526. Classes and Fees. The Secretary of Commerce shall have the authority to create a new Class-7 Special Liquor License and a new Class-8 Special Casino Liquor License and a new Class 9 Special Electronic Gaming Liqu…
4 CMC § 5527 Fees: License
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TITLE 4: ECONOMIC RESOURCES DIVISION 5: BUSINESS REGULATION § 5527. Fees: License. License fees shall be paid in full prior to the issuance of a license. Upon payment of the required fee, each license shall be for a period of one year from the date of issuance. Source: MIDC § 11.…
4 CMC § 5528 Fees: Payment; Revocation
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TITLE 4: ECONOMIC RESOURCES DIVISION 5: BUSINESS REGULATION § 5528. Fees: Payment; Revocation. Except for a temporary beer license which the Secretary of Commerce is authorized to issue for a period not to exceed three days, the license fee as specified in 4 CMC § 5526 for issuan…
4 CMC § 5529 Privileges: Limitations
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TITLE 4: ECONOMIC RESOURCES DIVISION 5: BUSINESS REGULATION § 5529. Privileges: Limitations. A licensee is limited to the privileges conferred by the license and may not exercise any other privileges. Source: MIDC § 11.08.080. Commission Comment: See the comment to 4 CMC § 5511.…
4 CMC § 5530 Licensees: Limitations
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TITLE 4: ECONOMIC RESOURCES DIVISION 5: BUSINESS REGULATION § 5530. Licensees: Limitations. A licensee is limited to the premises for which the license is issued and may not exercise the privileges conferred by the license at other premises. Source: MIDC § 11.08.090.
4 CMC § 5531 Manufacturer: Authorized Manufacturing
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TITLE 4: ECONOMIC RESOURCES DIVISION 5: BUSINESS REGULATION § 5531. Manufacturer: Authorized Manufacturing. (a) Subject to the Commonwealth public health regulations and the provisions of this chapter, a person holding a manufacturer’s license may manufacture alcoholic beverages …
4 CMC § 5532 Wholesaler: Authorized Imports, Purchases and Sales
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TITLE 4: ECONOMIC RESOURCES DIVISION 5: BUSINESS REGULATION § 5532. Wholesaler: Authorized Imports, Purchases and Sales. (a) A person holding a wholesale dealer license may import into or purchase in the Commonwealth from a manufacturer, agent, or wholesaler the alcoholic beverag…
4 CMC § 5533 Retail On-Sale Licensee: Authorized Sales
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TITLE 4: ECONOMIC RESOURCES DIVISION 5: BUSINESS REGULATION § 5533. Retail On-Sale Licensee: Authorized Sales. A person holding a retail dealer on-sale license may sell to consumers, for consumption on the premises where sold, the alcoholic beverages specified by the board. Sourc…
4 CMC § 5534 Retail Off-Sale Licensee: Authorized Sales
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TITLE 4: ECONOMIC RESOURCES DIVISION 5: BUSINESS REGULATION § 5534. Retail Off-Sale Licensee: Authorized Sales. A person holding a retail dealer off-sale license may sell to consumers for consumption off the premises where sold. Source: MIDC § 11.08.130.
4 CMC § 5535 Temporary Beer Licensee: Authorized Sales
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TITLE 4: ECONOMIC RESOURCES DIVISION 5: BUSINESS REGULATION § 5535. Temporary Beer Licensee: Authorized Sales. A person holding the temporary beer license may sell beer for consumption on premises temporarily occupied for the purposes of picnics, special gatherings, or similar oc…
4 CMC § 5536 Club Licensee: Authorized Sales
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TITLE 4: ECONOMIC RESOURCES DIVISION 5: BUSINESS REGULATION § 5536. Club Licensee: Authorized Sales. A club license is a combined general license and retail on-sale and retail offsale license and authorizes the licensee to sell liquors to members of the club and guests enjoying t…
4 CMC § 5537 Issuance Restrictions: Real Party in Interest
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TITLE 4: ECONOMIC RESOURCES DIVISION 5: BUSINESS REGULATION § 5537. Issuance Restrictions: Real Party in Interest. The board shall not issue a license of any class to any applicant who is not the real party in interest. Source: MIDC § 11.08.160. Commission Comment: With respect t…
4 CMC § 5538 Issuance Restrictions: Minors
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TITLE 4: ECONOMIC RESOURCES DIVISION 5: BUSINESS REGULATION § 5538. Issuance Restrictions: Minors. The board shall not issue a license to any person under 21 years of age. Source: MIDC § 11.08.170. Commission Comment: With respect to the reference to the Alcoholic Beverage Contro…
4 CMC § 5539 Issuance Restrictions: Prior Revokee
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TITLE 4: ECONOMIC RESOURCES DIVISION 5: BUSINESS REGULATION § 5539. Issuance Restrictions: Prior Revokee. Except in the case of a license revoked for nonpayment of renewal fee, the board shall not issue a license of any class to any person who held an alcoholic beverages license …