Title 4, Economic Resources

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…

Disability Benefits: Time for Commencement, Maximum Amount. (a) If an injury causes disability, a disability benefit payment shall be made for one week in advance on the fourth day after the date of disability. (b) Disability benefits shall not exceed $140 per week. Source: PL 6-…

Medical Services and Supplies. (a) (1) The employer shall furnish to the injured employee such remedial treatment, care, and attendance under the direction of a qualified physician or surgeon or other recognized practitioner, nurse or hospital, as the nature of the injury or the …

Disability Benefits. Disability benefits shall be paid to the employee as follows: (a) Permanent Total Disability. In case of total disability, adjudged to be permanent, 66 and two-thirds percent of his average weekly wages shall be paid to the employee during the continuance of …

Compensation for Death. If the injury causes death, the disability benefits shall be payable in the amounts and to or for the benefit of the persons following: (a) Reasonable funeral expenses not exceeding $1,200. (b) If there be a surviving spouse and no child of the deceased, t…

Determination of Pay. Except as otherwise provided in this chapter, the average weekly wage of the injured employee at the time of the injury shall be taken as the basis upon which to compute disability benefits and shall be determined as follows: (a) If the injured employee shal…

Guardian for Minor or Incompetent. The administrator may require the appointment of a guardian or any other representative, by a court of competent jurisdiction, for any person who is mentally incompetent or a minor. The guardian or representative shall receive the disability ben…

Notice of Injury or Death. (a) Notice of an injury or death for which compensation is payable under this chapter shall be given within 30 days after the date of such injury or death both to the administrator and to the employer. (b) Such notice shall be in writing; shall contain …

Time for Filing Claims. (a) The right to compensation under this chapter shall be barred unless a claim therefore is filed within one year after the injury, and the right to compensation for death shall be barred unless a claim therefore is filed within one year after death; prov…

Payment of Compensation. (a) Compensation under this chapter shall be paid promptly and directly to the person entitled thereto, without an award, except where the liability to pay compensation is controverted by the employer. Compensation under this chapter does not include paym…

Invalid Agreements. (a) No agreement by an employee to pay any portion of a premium paid by the employer to a carrier or to contribute to a benefit fund or department maintained by such employer for the purpose of providing compensation as required by this chapter shall be valid,…

Assignment and Exemptions From Claims of Creditors. No assignment, release, or commutation of compensation due or payable under this chapter, shall be valid, except as provided by this chapter, and such compensation shall be exempt from all claims of creditors and from levy, exec…

Compensation: A Lien Against Assets. Any person entitled to compensation under the provisions of this chapter shall have a lien against the assets of the carrier or employer for such compensation without limit or amount, and shall, upon insolvency, bankruptcy, or reorganization i…

Collection of Defaulted Payments. In case of default by the employer in the payment of compensation due under any award of compensation for a period of 30 days after the compensation is due and payable, the person to whom such compensation is payable may, within one year after su…

Procedure in Respect of Claims. (a) Subject to the provision of 4 CMC § 9322, a claim for compensation may be filed with the administrator in accordance with regulations prescribed by the commission at any time after the first four days following any injury, or at any time after …