53 chapters · 855 sections in this title.
2 CMC § 4445 Issuance of Obligations: Negotiability
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Issuance of Obligations: Negotiability. Obligations of NMHC shall be fully negotiable. In any suit, action or proceeding involving the validity or enforceability of any obligation of NMHC or the security therefore, any such obligation reciting in substance that it has been issued…
2 CMC § 4446 Issuance of Obligations: NMHC's Powers To Issue and Secure Payment
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Issuance of Obligations: NMHC’s Powers To Issue and Secure Payment. In connection with issuance of obligations, and to secure the payment of such obligations, NMHC may: (a) Pledge all or any part of its gross or net rents, fees or revenues to which its right then exists or may th…
2 CMC § 4451 Annual Report
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Annual Report. NMHC shall submit an annual report, signed by the chairman of the board, to the Governor and the legislature showing: (a) A summary of the year’s activities; (b) The financial condition of the properties; (c) The condition of the properties; (d) The number of units…
2 CMC § 4452 NMHC: Directors, Officials or Employees; Limitations on Interests
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NMHC: Directors, Officials or Employees; Limitations on Interests. During his or her tenure and for one year thereafter, no corporate director, official, board members or employee of NMHC, or member of the Commonwealth legislature, or of the governing body for the locality in whi…