Title 4 — Economic Resources
115 chapters · 1,861 sections in this title.
4 CMC § 4641 Authority to Transact Business Required
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TITLE 4: ECONOMIC RESOURCES DIVISION 4: CORPORATIONS, PARTNERSHIPS AND ASSOCIATIONS § 4641. Authority to Transact Business Required. (a) A foreign corporation may not transact business in the Commonwealth until it obtains a certificate of authority from the Registrar of Corporati…
4 CMC § 4642 Consequences of Transacting Business Without Authority
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TITLE 4: ECONOMIC RESOURCES DIVISION 4: CORPORATIONS, PARTNERSHIPS AND ASSOCIATIONS § 4642. Consequences of Transacting Business Without Authority. (a) A foreign corporation transacting business in the Commonwealth without a certificate of authority may not maintain a proceeding …
4 CMC § 4643 Application for Certificate of Authority
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TITLE 4: ECONOMIC RESOURCES DIVISION 4: CORPORATIONS, PARTNERSHIPS AND ASSOCIATIONS § 4643. Application for Certificate of Authority. (a) A foreign corporation may apply for a certificate of authority to transact business in the Commonwealth by delivering an application to the Re…
4 CMC § 4644 Amended Certificate of Authority
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TITLE 4: ECONOMIC RESOURCES DIVISION 4: CORPORATIONS, PARTNERSHIPS AND ASSOCIATIONS § 4644. Amended Certificate of Authority. (a) A foreign corporation authorized to transact business in the Commonwealth must obtain an amended certificate of authority from the Registrar of Corpor…
4 CMC § 4645 Effect of Certificate of Authority
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TITLE 4: ECONOMIC RESOURCES DIVISION 4: CORPORATIONS, PARTNERSHIPS AND ASSOCIATIONS § 4645. 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 th…
4 CMC § 4646 Corporate Name of Foreign Corporation
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TITLE 4: ECONOMIC RESOURCES DIVISION 4: CORPORATIONS, PARTNERSHIPS AND ASSOCIATIONS § 4646. 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…
4 CMC § 4647 Registered Office and Registered Agent of Foreign Corporation
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TITLE 4: ECONOMIC RESOURCES DIVISION 4: CORPORATIONS, PARTNERSHIPS AND ASSOCIATIONS § 4647. Registered Office and Registered Agent of Foreign Corporation. Each foreign corporation authorized to transact business in the Commonwealth must continuously maintain in the Commonwealth: …
4 CMC § 4648 Change of Registered Office or Registered Agent of Foreign Corporation
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TITLE 4: ECONOMIC RESOURCES DIVISION 4: CORPORATIONS, PARTNERSHIPS AND ASSOCIATIONS § 4648. 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 re…
4 CMC § 4649 Resignation of Registered Agent of Foreign Corporation
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TITLE 4: ECONOMIC RESOURCES DIVISION 4: CORPORATIONS, PARTNERSHIPS AND ASSOCIATIONS § 4649. 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 Co…
4 CMC § 4650 Service on Foreign Corporation
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TITLE 4: ECONOMIC RESOURCES DIVISION 4: CORPORATIONS, PARTNERSHIPS AND ASSOCIATIONS § 4650. 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, not…
4 CMC § 4661 Withdrawal of Foreign Corporation
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TITLE 4: ECONOMIC RESOURCES DIVISION 4: CORPORATIONS, PARTNERSHIPS AND ASSOCIATIONS § 4661. 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 wi…
4 CMC § 4671 Grounds for Revocation
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TITLE 4: ECONOMIC RESOURCES DIVISION 4: CORPORATIONS, PARTNERSHIPS AND ASSOCIATIONS § 4671. 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 bu…
4 CMC § 4672 Procedure for and Effect of Revocation
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TITLE 4: ECONOMIC RESOURCES DIVISION 4: CORPORATIONS, PARTNERSHIPS AND ASSOCIATIONS § 4672. 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 s…
4 CMC § 4673 Appeal From Revocation
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TITLE 4: ECONOMIC RESOURCES DIVISION 4: CORPORATIONS, PARTNERSHIPS AND ASSOCIATIONS § 4673. 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 aft…
4 CMC § 51201 Short Title
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TITLE 4: ECONOMIC RESOURCES DIVISION 5: BUSINESS REGULATION § 51201. 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 …
4 CMC § 51202 Definitions
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TITLE 4: ECONOMIC RESOURCES DIVISION 5: BUSINESS REGULATION § 51202. 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, jo…
4 CMC § 51203 Receipt Required
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TITLE 4: ECONOMIC RESOURCES DIVISION 5: BUSINESS REGULATION § 51203. 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 re…
4 CMC § 51204 Adoption of Regulations
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TITLE 4: ECONOMIC RESOURCES DIVISION 5: BUSINESS REGULATION § 51204. 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.
4 CMC § 51205 Enforcement Powers
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TITLE 4: ECONOMIC RESOURCES DIVISION 5: BUSINESS REGULATION § 51205. Enforcement Powers. The Department of Finance shall enforce the provisions of this Act. Source: PL 13-26, § 6, modified.
4 CMC § 51206 Penalties
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TITLE 4: ECONOMIC RESOURCES DIVISION 5: BUSINESS REGULATION § 51206. 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 d…
4 CMC § 4681 Corporate Records
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TITLE 4: ECONOMIC RESOURCES DIVISION 4: CORPORATIONS, PARTNERSHIPS AND ASSOCIATIONS § 4681. Corporate Records. (a) A corporation shall keep as permanent records minutes of all meetings of its shareholders and board of directors, a record of all actions taken by the shareholders o…
4 CMC § 4682 Inspection of Records by Shareholders
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TITLE 4: ECONOMIC RESOURCES DIVISION 4: CORPORATIONS, PARTNERSHIPS AND ASSOCIATIONS § 4682. Inspection of Records by Shareholders. (a) A shareholder of a corporation is entitled to inspect and copy, during regular business hours at the corporation’s principal office, any of the r…
4 CMC § 4683 Scope of Inspection Right
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TITLE 4: ECONOMIC RESOURCES DIVISION 4: CORPORATIONS, PARTNERSHIPS AND ASSOCIATIONS § 4683. Scope of Inspection Right. (a) A shareholder’s agent or attorney has the same inspection and copying rights as the shareholder he represents. (b) The right to copy records under 4 CMC § 46…
4 CMC § 4684 Court-Ordered Inspection
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TITLE 4: ECONOMIC RESOURCES DIVISION 4: CORPORATIONS, PARTNERSHIPS AND ASSOCIATIONS § 4684. Court-Ordered Inspection. (a) If a corporation does not allow a shareholder who complies with 4 CMC § 4682(a) to inspect and copy any records required by that subsection to be available fo…
4 CMC § 4691 Financial Statements for Shareholders
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TITLE 4: ECONOMIC RESOURCES DIVISION 4: CORPORATIONS, PARTNERSHIPS AND ASSOCIATIONS § 4691. Financial Statements for Shareholders. (a) A corporation shall furnish its shareholders annual financial statements, which may be consolidated or combined statements of the corporation and…
4 CMC § 4692 Other Reports to Shareholders
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TITLE 4: ECONOMIC RESOURCES DIVISION 4: CORPORATIONS, PARTNERSHIPS AND ASSOCIATIONS § 4692. Other Reports to Shareholders. (a) If a corporation indemnifies or advances expenses to a director under 4 CMC §§ 4492, 4493 or 4495 in connection with a proceeding by or in the right of t…
4 CMC § 4693 Annual Report for Registrar of Corporations
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TITLE 4: ECONOMIC RESOURCES DIVISION 4: CORPORATIONS, PARTNERSHIPS AND ASSOCIATIONS § 4693. Annual Report for Registrar of Corporations. (a) Each domestic corporation, and each foreign corporation authorized to transact business in the Commonwealth, shall deliver to the Registrar…
4 CMC § 51301 Definitions
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TITLE 4: ECONOMIC RESOURCES DIVISION 5: BUSINESS REGULATION § 51301. Definitions. As used in this chapter: (a) “Creditor” means any person who offers or extends credit creating a debt or to whom a debt is owed, but such term does not include any person to the extent that he recei…
4 CMC § 51302 Prohibited Debt Collection Practices
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TITLE 4: ECONOMIC RESOURCES DIVISION 5: BUSINESS REGULATION § 51302. Prohibited Debt Collection Practices. (a) A debt collector shall not collect or attempt to collect a debt by means of an illegal threat, coercion or attempt to coerce. The conduct described in each of the follow…
4 CMC § 4701 Application to Existing Domestic Corporations
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TITLE 4: ECONOMIC RESOURCES DIVISION 4: CORPORATIONS, PARTNERSHIPS AND ASSOCIATIONS § 4701. Application to Existing Domestic Corporations. This part applies to all domestic corporations in existence on its effective date that were incorporated under any general statute of the Com…
4 CMC § 4702 Application to Qualified Foreign Corporations
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TITLE 4: ECONOMIC RESOURCES DIVISION 4: CORPORATIONS, PARTNERSHIPS AND ASSOCIATIONS § 4702. Application to Qualified Foreign Corporations. A foreign corporation authorized to transact business in the Commonwealth on the effective date of this part is subject to this part but is n…
4 CMC § 4703 Saving Provisions
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TITLE 4: ECONOMIC RESOURCES DIVISION 4: CORPORATIONS, PARTNERSHIPS AND ASSOCIATIONS § 4703. Saving Provisions. (a) Except as provided in subsection (b) of this section, the repeal of a provision of this part by this part does not affect: (1) The operation of the provision or any …
4 CMC § 4704 Severability
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TITLE 4: ECONOMIC RESOURCES DIVISION 4: CORPORATIONS, PARTNERSHIPS AND ASSOCIATIONS § 4704. Severability. If any provision of this part or its application to any person or circumstance is held invalid by a court of competent jurisdiction, the invalidity does not affect other prov…
4 CMC § 4705 Repeal
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TITLE 4: ECONOMIC RESOURCES DIVISION 4: CORPORATIONS, PARTNERSHIPS AND ASSOCIATIONS § 4705. Repeal. The following regulations and parts of regulations are repealed: Trust Territory Regulations title 37, chapter 1, §§ 1.1-2.8, §§ 2.11-7.2, chapter 2, parts 1 and 2, and chapter 3. …
4 CMC § 51401 Definitions
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TITLE 4: ECONOMIC RESOURCES DIVISION 5: BUSINESS REGULATION § 51401. Definitions. (a) “Department” means the Department of Commerce. (b) “Person” means any individual, corporation, partnership, association, business trust, company, joint venture company, or limited liability comp…
4 CMC § 51402 Duty to Record and Report Purchases
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TITLE 4: ECONOMIC RESOURCES DIVISION 5: BUSINESS REGULATION § 51402. Duty to Record and Report Purchases. (a) A person operating a recycling business shall maintain, wherever its business is conducted, a complete record of each purchase of recycled product, legibly written in the…
4 CMC § 51403 Purchase Transactions
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TITLE 4: ECONOMIC RESOURCES DIVISION 5: BUSINESS REGULATION § 51403. Purchase Transactions. (a) For each recycled product purchase, the recycler shall require proper identification from each seller. “Proper identification” shall mean a government issued photographic identificatio…
4 CMC § 51404 Stolen Goods; Seizure of Goods
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TITLE 4: ECONOMIC RESOURCES DIVISION 5: BUSINESS REGULATION § 51404. Stolen Goods; Seizure of Goods. (a) If a recycler has reasonable cause to believe that any recycled product being sold to purchaser is lost or stolen property, the recycler shall promptly report the matter to th…
4 CMC § 51405 Prohibited Acts and Practices
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TITLE 4: ECONOMIC RESOURCES DIVISION 5: BUSINESS REGULATION § 51405. Prohibited Acts and Practices. It is unlawful for a recycler or any employee thereof to: (a) Knowingly engage in a purchase transaction with: (1) A person who is under the influence of drug or alcohol when such …
4 CMC § 51406 Penalties
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TITLE 4: ECONOMIC RESOURCES DIVISION 5: BUSINESS REGULATION § 51406. Penalties. (a) A person who knowingly or willfully violates or causes a person to violate any provision of this Article shall be guilty of a felony and be subject to punishment as provided under 6 CMC § 1601. (b…
4 CMC § 51407 Rule-making
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TITLE 4: ECONOMIC RESOURCES DIVISION 5: BUSINESS REGULATION § 51407. Rule-making. The Department of Commerce shall adopt rules and regulations necessary to implement the provisions of this Article. Source: PL 15-36, § 3 (51307), modified. Commission Comment: The Commission change…
4 CMC § 51408 Waiting Period
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TITLE 4: ECONOMIC RESOURCES DIVISION 5: BUSINESS REGULATION § 51408. Waiting Period. No recycled product as defined in Section 51401(c) and (e) shall be removed from the Commonwealth before forty-five days after the date of purchase by the recycler, unless cleared by Department o…
4 CMC § 51420 Tour company vehicles registration with the Department of Commerce
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TITLE 4: ECONOMIC RESOURCES DIVISION 5: BUSINESS REGULATION § 51420 § 51420. Tour company vehicles registration with the Department of Commerce. (a) All tour companies doing business within the Commonwealth of the Northern Mariana Islands are hereby required to register each vehi…
4 CMC § 51501 Definitions
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TITLE 4: ECONOMIC RESOURCES DIVISION 5: BUSINESS REGULATION § 51501. Definitions. Unless the context otherwise requires, the words and terms defined in this chapter shall have the following meanings: (a) Commonwealth. “Commonwealth” means Commonwealth of the Northern Mariana Isla…
4 CMC § 51502 Lien for Work and Material Furnished: Notice; Sale; Application of Proceeds; Lienholder may Waive Lien and Sue for Amount Due
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TITLE 4: ECONOMIC RESOURCES DIVISION 5: BUSINESS REGULATION § 51502. Lien for Work and Material Furnished: Notice; Sale; Application of Proceeds; Lienholder may Waive Lien and Sue for Amount Due. (a) Every person engaged in performing work upon any watch, clock or jewelry, major …
4 CMC § 51503 Lien upon Garments, Clothing, Wearing Apparel or Household Goods for Amount of Account Due; Lien to Include Value or Agreed Price of Materials Furnished
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TITLE 4: ECONOMIC RESOURCES DIVISION 5: BUSINESS REGULATION § 51503. Lien upon Garments, Clothing, Wearing Apparel or Household Goods for Amount of Account Due; Lien to Include Value or Agreed Price of Materials Furnished. Every person engaged in cleaning, pressing, glazing or wa…
4 CMC § 51504 Liens for Work Done and for Storage by Agreement; Exemption of Warehousemen
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TITLE 4: ECONOMIC RESOURCES DIVISION 5: BUSINESS REGULATION § 51504. Liens for Work Done and for Storage by Agreement; Exemption of Warehousemen. Every person, firm or corporation engaged in cleaning, pressing, glazing or washing garments, clothing, wearing apparel or household g…
4 CMC § 51505 Sales by Lienholders After Notice
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TITLE 4: ECONOMIC RESOURCES DIVISION 5: BUSINESS REGULATION § 51505. Sales by Lienholders After Notice. If any account for work done or materials furnished remains unpaid for 90 days or more after completion of the work, or if the articles are placed in storage, and the charges f…
4 CMC § 51506 Service or Posting of Notice; Disposition of Proceeds of Sale
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TITLE 4: ECONOMIC RESOURCES DIVISION 5: BUSINESS REGULATION § 51506. Service or Posting of Notice; Disposition of Proceeds of Sale. The notice may be served by registered or certified mail, with return receipt requested, directed to the owner’s last known address, or, if the owne…
4 CMC § 51507 Waiver of Lien; Action Upon Amount
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TITLE 4: ECONOMIC RESOURCES DIVISION 5: BUSINESS REGULATION § 51507. Waiver of Lien; Action Upon Amount. Nothing contained in this article, shall be construed as preventing the lienholder from waiving the lien herein provided for, and suing upon the amount if he elects to do so. …