Whenever a foreign corporation which is authorized to transact business in this state changes its name to one under which a certificate of authority would not be granted to it on application therefor, the certificate of authority of the corporation shall be suspended and it shall not therafter [thereafter] transact any business in this state until it has changed its name to a name which is available to it under the laws of this state, or has otherwise complied with the provisions of the Business Corporation Act.
History: 1953 Comp., § 51-30-4, enacted by Laws 1967, ch. 81, § 106; 1975, ch. 64, § 42.
Bracketed material. — The bracketed material was inserted by the compiler and is not part of the law.
Compiler's notes. — This section is derived from Section 109 of the ABA Model Business Corporation Act.
Law reviews. — For article, "1975 Amendments to the New Mexico Business Corporation Act," see 6 N.M.L. Rev. 57 (1975).
Structure 2021 New Mexico Statutes
Article 17 - Business Corporations; Foreign Corporations
Section 53-17-1 - Admission of foreign corporation.
Section 53-17-2 - Powers of foreign corporation.
Section 53-17-3 - Corporate name of foreign corporation.
Section 53-17-4 - Change of name by foreign corporation.
Section 53-17-5 - Application for certificate of authority.
Section 53-17-6 - Filing of application for certificate of authority.
Section 53-17-7 - Application for readmission.
Section 53-17-8 - Effect of [certificate of] authority.
Section 53-17-9 - Registered office and registered agent of foreign corporation.
Section 53-17-10 - Change of registered office or registered agent of foreign corporation.
Section 53-17-11 - Service of process on foreign corporation.
Section 53-17-14 - Amended certificate of authority.
Section 53-17-15 - Withdrawal of foreign corporation.
Section 53-17-16 - Filing of application for withdrawal.
Section 53-17-17 - Revocation of certificate of authority.
Section 53-17-18 - Issuance of certificate of revocation; reinstatement.
Section 53-17-20 - Transacting business without certificate of authority.