Title 4 — Economic Resources
115 chapters · 1,861 sections in this title.
4 CMC § 6232 Qualification for Retail Banking License
0.6K chars
TITLE 4: ECONOMIC RESOURCES DIVISION 6: BANKING AND FINANCIAL INSTITUTIONS § 6232. Qualification for Retail Banking License. A Commonwealth-chartered bank or a state, national, or foreign bank shall be issued a retail banking license by the director upon proof of the following: (…
4 CMC § 6233 Application for Special Licenses
1.1K chars
TITLE 4: ECONOMIC RESOURCES DIVISION 6: BANKING AND FINANCIAL INSTITUTIONS § 6233. Application for Special Licenses. Application for retail and other special licenses required in this article shall be made to the director on forms furnished by the director in accordance with regu…
4 CMC § 6234 Transition
0.4K chars
TITLE 4: ECONOMIC RESOURCES DIVISION 6: BANKING AND FINANCIAL INSTITUTIONS § 6234. Transition. (a) Any state, national, or Micronesian bank operating as a retail bank on February 6, 1984, provided the bank meets the requirements of 4 CMC § 6227, shall comply with the license and …
4 CMC § 6241 Assignment of Bank License
0.6K chars
TITLE 4: ECONOMIC RESOURCES DIVISION 6: BANKING AND FINANCIAL INSTITUTIONS § 6241. Assignment of Bank License. No banking license may be purchased by a bank broker, or assigned in whole or in part, without the prior approval of the director. Source: PL 3-104, § 250. Commission Co…
4 CMC § 6242 Posting and Inspecting of Licenses
0.5K chars
TITLE 4: ECONOMIC RESOURCES DIVISION 6: BANKING AND FINANCIAL INSTITUTIONS § 6242. Posting and Inspecting of Licenses. All licenses issued under the provisions of this division shall be posted by the licensee and kept posted at all times in a conspicuous place in the bank for whi…
4 CMC § 6243 Annual Fees; Renewal of Licenses
1.1K chars
TITLE 4: ECONOMIC RESOURCES DIVISION 6: BANKING AND FINANCIAL INSTITUTIONS § 6243. Annual Fees; Renewal of Licenses. (a) A bank shall pay an annual fee of $1,000 to the director for issuance of any type of banking license and for each renewal thereafter. (b) Subject to the power …
4 CMC § 6250 Regulations for Mergers, Liquidations, and Other Significant Events
0.8K chars
TITLE 4: ECONOMIC RESOURCES DIVISION 6: BANKING AND FINANCIAL INSTITUTIONS § 6250. Regulations for Mergers, Liquidations, and Other Significant Events. (a) The director shall provide by regulation administrative procedures and depositor protections for banks which desire to under…
4 CMC § 6260 Branch Banks
1.0K chars
TITLE 4: ECONOMIC RESOURCES DIVISION 6: BANKING AND FINANCIAL INSTITUTIONS § 6260. Branch Banks. A bank engaging in the banking business in the Commonwealth may operate such branch banks as the director determines is in the public interest according to the standards set forth in …
4 CMC § 7201 Examinations, Investigations, Hearings and Appeals
11.9K chars
TITLE 4: ECONOMIC RESOURCES DIVISION 7: INSURANCE § 7201. Examinations, Investigations, Hearings and Appeals. (a) Witnesses Subpoenaed. The Insurance Commissioner, either on the commissioner’s own behalf or on behalf of any interested party, may take depositions, and subpoena any…
4 CMC § 8201 Short Title
1.0K chars
TITLE 4: ECONOMIC RESOURCES DIVISION 8: UTILITIES § 8201. Short Title. This chapter may be known and cited as the Commonwealth Utility Damage Prevention Act of 1994. Source: PL 9-4, § 1. Commission Comment: PL 9-4 took effect June 22, 1994. According to PL 9-4, §§ 2 and 3: Sectio…
4 CMC § 8202 Definitions
3.8K chars
TITLE 4: ECONOMIC RESOURCES DIVISION 8: UTILITIES § 8202. Definitions. (a) “Damage” includes the substantial weakening of structural or lateral support in an underground or above ground utility; penetration or destruction of any protective coating, housing and other protective de…
4 CMC § 8203 Excavation and Demolition Permits
0.3K chars
TITLE 4: ECONOMIC RESOURCES DIVISION 8: UTILITIES § 8203. Excavation and Demolition Permits. A permit issued pursuant to law, authorizing excavation or demolition operations, shall not be deemed to relieve a person from the responsibility of complying with the provisions of this …
4 CMC § 8204 Duty to Ascertain Location of Underground Utilities
0.5K chars
TITLE 4: ECONOMIC RESOURCES DIVISION 8: UTILITIES § 8204. Duty to Ascertain Location of Underground Utilities. Except as provided in 4 CMC § 8207, no person may excavate in a street, road, highway, public space, a private easement of an operator, or near the location of a utility…
4 CMC § 8205 Notice of Intent to Excavate or Demolish
1.2K chars
TITLE 4: ECONOMIC RESOURCES DIVISION 8: UTILITIES § 8205. Notice of Intent to Excavate or Demolish. Except as provided in 4 CMC § 8207, before commencing any excavation or demolition operation designated in 4 CMC § 8204, each person responsible for that excavation or demolition s…
4 CMC § 8206 Response to Notice of Intent to Excavate or Demolish
1.4K chars
TITLE 4: ECONOMIC RESOURCES DIVISION 8: UTILITIES § 8206. Response to Notice of Intent to Excavate or Demolish. (a) Each operator notified in accordance with 4 CMC § 8205 shall, not less than five working days in advance of the proposed excavation or demolition (unless a shorter …
4 CMC § 8207 Emergency Excavation or Demolition
0.9K chars
TITLE 4: ECONOMIC RESOURCES DIVISION 8: UTILITIES § 8207. Emergency Excavation or Demolition. Compliance with the notice requirements of 4 CMC § 8205 is not required of persons responsible for emergency excavation or demolition to ameliorate an imminent danger to life, health, or…
4 CMC § 8208 Precautions to Avoid Damage
0.9K chars
TITLE 4: ECONOMIC RESOURCES DIVISION 8: UTILITIES § 8208. Precautions to Avoid Damage. In addition to the notification requirements of 4 CMC § 8205, each person responsible for any excavation or demolition designated in 4 CMC § 8202 shall: (a) Plan the excavation or demolition to…
4 CMC § 8209 Excavation or Demolition Damage
0.6K chars
TITLE 4: ECONOMIC RESOURCES DIVISION 8: UTILITIES § 8209. Excavation or Demolition Damage. Each person responsible for any excavation or demolition operation designated in 4 CMC § 8202 that results in any damage to an underground utility shall, immediately upon discovery of the d…
4 CMC § 8210 Damage; Cost of Repairing
0.6K chars
TITLE 4: ECONOMIC RESOURCES DIVISION 8: UTILITIES § 8210. Damage; Cost of Repairing. Any person who damages a utility line is liable for the payment of all costs incurred by the operator to restore the utility to its original condition. Any person who duly notifies the operator a…
4 CMC § 8211 Tree and Vegetation Planting Restriction
2.2K chars
TITLE 4: ECONOMIC RESOURCES DIVISION 8: UTILITIES § 8211. Tree and Vegetation Planting Restriction. (a) No tree or vegetation that has the potential to grow to more than one-half of the height of a power line shall be planted within twelve feet of any power line, measured lateral…
4 CMC § 8212 Civil Penalties
2.9K chars
TITLE 4: ECONOMIC RESOURCES DIVISION 8: UTILITIES § 8212. Civil Penalties. (a) Any person who violates any provision of this chapter shall be subject to a civil penalty not less than $5,000 and not to exceed $10,000 for each such violation, except as provided in subsection (b). (…
4 CMC § 9211 Short Title
0.2K chars
TITLE 4: ECONOMIC RESOURCES DIVISION 9: LABOR § 9211. Short Title. This chapter may be cited as the Minimum Wage and Hour Act. Source: PL 1-20, § 1. Commission Comment: PL 1-20 took effect January 12, 1979.
4 CMC § 9212 Definitions
4.0K chars
TITLE 4: ECONOMIC RESOURCES DIVISION 9: LABOR § 9212. Definitions. As used in this chapter: (a) “Agriculture” means agriculture as defined in Section 3(f) of the federal Fair Labor Standards Act of 1938 [29 U.S.C. § 203(f)], or as the same may be amended from time to time. (b) “D…
4 CMC § 9221 Minimum Wages
2.6K chars
TITLE 4: ECONOMIC RESOURCES DIVISION 9: LABOR § 9221. Minimum Wages. (a) Every employer, other than a garment or construction business, and except as the secretary may provide under 4 CMC § 9234, shall pay to each employee employed by him or her, a minimum wage as follows: (1) Be…
4 CMC § 9222 Maximum Hours
0.5K chars
TITLE 4: ECONOMIC RESOURCES DIVISION 9: LABOR § 9222. Maximum Hours. No employer shall employ any employee in excess of 40 hours a week, unless the employee receives compensation for employment in excess of such weekly hours at a rate not less than one and one-half times the regu…
4 CMC § 9223 Exemptions
3.3K chars
TITLE 4: ECONOMIC RESOURCES DIVISION 9: LABOR § 9223. Exemptions. (a) Exemption. The provisions of 4 CMC §§ 9221 and 9222 do not apply with respect to: (1) A person employed by his son, daughter, spouse, or parents; (2) A person employed in a bona fide executive, administrative o…
4 CMC § 9231 Duty of Director: Staff
0.7K chars
TITLE 4: ECONOMIC RESOURCES DIVISION 9: LABOR § 9231. Duty of Director: Staff. The director shall enforce the provisions of this chapter. The director may employ such staff as may be required to assist in enforcing the provisions of this chapter, pursuant to budgetary appropriati…
4 CMC § 9232 Employer's Records; Furnishing of Pay Data; Director's Rights and Duties
1.8K chars
TITLE 4: ECONOMIC RESOURCES DIVISION 9: LABOR § 9232. Employer’s Records; Furnishing of Pay Data; Director’s Rights and Duties. (a) Every employer shall keep in or about the premises wherein any employee is employed a record of the name, address and occupation of each employee, o…
4 CMC § 9233 Disclosure of Information
1.2K chars
TITLE 4: ECONOMIC RESOURCES DIVISION 9: LABOR § 9233. Disclosure of Information. Except as otherwise provided in this chapter, information secured from inspection of the records, or from the transcription thereof, or from inspection of the employers’ premises by the director, sha…
4 CMC § 9234 Learners, Apprentices, and Student Employees; Handicapped Workers
1.2K chars
TITLE 4: ECONOMIC RESOURCES DIVISION 9: LABOR § 9234. Learners, Apprentices, and Student Employees; Handicapped Workers. The director may provide by regulations for the employment: (a) Of learners, apprentices, and part-time employees who are full-time students attending public o…
4 CMC § 9235 Oaths, Affidavits, and Subpoenas; Witnesses and Immunities
2.2K chars
TITLE 4: ECONOMIC RESOURCES DIVISION 9: LABOR § 9235. Oaths, Affidavits, and Subpoenas; Witnesses and Immunities. (a) The director may administer oaths, take or cause to be taken the depositions of witnesses, and require by subpoena the attendance and testimony of witnesses and t…
4 CMC § 9236 Rules and Regulations
1.1K chars
TITLE 4: ECONOMIC RESOURCES DIVISION 9: LABOR § 9236. Rules and Regulations. The department shall adopt rules and regulations as are necessary to carry out the purposes of this chapter or to prevent the circumvention or evasion of this chapter and to safeguard the minimum wage ra…
4 CMC § 9237 Right of Collective Bargaining Protected
0.5K chars
TITLE 4: ECONOMIC RESOURCES DIVISION 9: LABOR § 9237. Right of Collective Bargaining Protected. Nothing in this chapter shall be deemed to interfere with, impede or in any way diminish the right of employees to bargain collectively through representatives of their own choosing in…
4 CMC § 9238 [Repealed by PL 11-22.]
1.4K chars
TITLE 4: ECONOMIC RESOURCES DIVISION 9: LABOR § 9238. [Repealed.] Source: PL 8-21, § 7; amended by PL 9-50, § 3; PL 9-73, § 3; repealed by PL 11-22, § 5. Commission Comment: PL 11-22, § 5 repealed this section. PL 11-22 took effect July 10, 1998. According to PL 11-22, § 1: Secti…
4 CMC § 9239 Prohibition
0.5K chars
TITLE 4: ECONOMIC RESOURCES DIVISION 9: LABOR § 9239. Prohibition. The Wage and Salary Review Board shall be prohibited from rolling back the current minimum wage of $2.75 per hour. Source: PL 9-50, § 4. Commission Comment: With respect to the reference to the “Wage and Salary Re…
4 CMC § 9240 Legislative Action
0.8K chars
TITLE 4: ECONOMIC RESOURCES DIVISION 9: LABOR § 9240. Legislative Action. The legislature may by law adopt, modify, or reject the annual report of the Wage and Salary Review Board. In the event that the legislature does not take action with respect to the annual report prior to t…
4 CMC § 9241 Willful Violations; Penalty
1.0K chars
TITLE 4: ECONOMIC RESOURCES DIVISION 9: LABOR § 9241. Willful Violations; Penalty. Any employer who willfully hinders or delays the director in the performance of his or her duties in the enforcement of this chapter, or who willfully refuses to admit the director to any place of …
4 CMC § 9242 Other Criminal Violations
1.4K chars
TITLE 4: ECONOMIC RESOURCES DIVISION 9: LABOR § 9242. Other Criminal Violations. (a) The following persons may be found guilty of a misdemeanor: (1) Any person disclosing information in violation of 4 CMC § 9233; or (2) Any employer who willfully violates any provisions of this c…
4 CMC § 9243 Liability of Employer to Employee
0.4K chars
TITLE 4: ECONOMIC RESOURCES DIVISION 9: LABOR § 9243. Liability of Employer to Employee. Any employer who violates any provisions of 4 CMC §§ 9221 or 9222 is liable to the employee or employees affected in the amount of their unpaid minimum wages or unpaid overtime compensation, …
4 CMC § 9244 Collection Suits; Attorney's Fees; Assignment; Relief from Costs
2.3K chars
TITLE 4: ECONOMIC RESOURCES DIVISION 9: LABOR § 9244. Collection Suits; Attorney’s Fees; Assignments; Relief from Costs. (a) An action to recover liability under 4 CMC §§ 9221 or 9222 may be maintained in any court of competent jurisdiction by any one or more employees for and in…
4 CMC § 9245 Injunctions
1.0K chars
TITLE 4: ECONOMIC RESOURCES DIVISION 9: LABOR § 9245. Injunctions. Whenever it appears to the director that any employer is engaged in any act or practice which constitutes or will constitute a violation of any provision of this chapter or of any rule or regulation, the director …
4 CMC § 9246 Limitation of Actions
1.3K chars
TITLE 4: ECONOMIC RESOURCES DIVISION 9: LABOR § 9246. Limitation of Actions. (a) Except as provided in subsection (b) of this section, any action commenced on or after October 4, 1996, to enforce a cause of action for unpaid wages, unpaid overtime compensation, or liquidated dama…
4 CMC § 9247 Frivolous Actions or Defenses
0.5K chars
TITLE 4: ECONOMIC RESOURCES DIVISION 9: LABOR § 9247. Frivolous Actions or Defenses. Any complainant or respondent in any agency action filed before the Department of Commerce and Labor, or its successor agency, under the Minimum Wage and Hour Act, 4 CMC § 9211 et seq., or the No…
4 CMC § 10301 Board of Directors: Membership and Quorum
2.4K chars
TITLE 4: ECONOMIC RESOURCES DIVISION 10: COMMONWEALTH DEVELOPMENT AUTHORITY § 10301. Board of Directors: Membership and Quorum. (a) The affairs of the authority shall be governed and controlled by a board of directors, which shall consist of seven members; (b) Members of the boar…
4 CMC § 10302 Board of Directors: Meetings of the Board
0.7K chars
TITLE 4: ECONOMIC RESOURCES DIVISION 10: COMMONWEALTH DEVELOPMENT AUTHORITY § 10302. Board of Directors: Meetings of the Board. (a) Quarterly Meetings Required. The board shall meet not less than once each quarter at a time and place designated at least 14 days in advance by the …
4 CMC § 10303 Board of Directors: Compensation of Board Members
0.5K chars
TITLE 4: ECONOMIC RESOURCES DIVISION 10: COMMONWEALTH DEVELOPMENT AUTHORITY § 10303. Board of Directors: Compensation of Board Members. The members of the board shall be compensated pursuant to 1 CMC § 8247 and may be reimbursed in accordance with the Commonwealth law for any rea…
4 CMC § 10304 Board of Directors: Resignation, Removal and Vacancies of Board
1.2K chars
TITLE 4: ECONOMIC RESOURCES DIVISION 10: COMMONWEALTH DEVELOPMENT AUTHORITY § 10304. Board of Directors: Resignation, Removal and Vacancies of Board. An appointed member may at any time resign his office by notice in writing to the Governor. Upon resignation, removal or expiratio…
4 CMC § 10305 Board of Directors: Duties and Powers of the Board
5.0K chars
TITLE 4: ECONOMIC RESOURCES DIVISION 10: COMMONWEALTH ECONOMIC DEVELOPMENT AUTHORITY § 10305. Board of Directors: Duties and Powers of the Board. (a) Duties of the Board. The board shall have the following duties: (1) To govern the operation of the authority in a manner that furt…
4 CMC § 10306 Officers of the Authority
3.7K chars
TITLE 4: ECONOMIC RESOURCES DIVISION 10: COMMONWEALTH ECONOMIC DEVELOPMENT AUTHORITY § 10306. Officers of the Authority. (a) The officers of the authority shall be an executive director, a comptroller, and such other officers as the bylaws may require for the operation of the aut…
4 CMC § 10307 Bonding Required of Directors and Officers
0.7K chars
TITLE 4: ECONOMIC RESOURCES DIVISION 10: COMMONWEALTH DEVELOPMENT AUTHORITY § 10307. Bonding Required of Directors and Officers. The directors and officers shall require the posting of fidelity bonds for authority personnel who handle public funds and may, at authority expense, p…