New Mexico Statutes 53-11-8. Reserved name
A. The exclusive right to the use of a corporate name may be reserved by:
Terms Used In New Mexico Statutes 53-11-8
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
(1) any person intending to organize a corporation under the Business Corporation Act;
(2) any domestic corporation intending to change its name;
(3) any foreign corporation intending to make application for a certificate of authority to transact business in this state;
(4) any foreign corporation authorized to transact business in this state and intending to change its name; or
(5) any person intending to organize a foreign corporation and intending to have such corporation make application for a certificate of authority to transact business in this state.
B. The reservation shall be made by filing with the commission [secretary of state] an application to reserve a specified corporate name, executed by the applicant. If the commission [secretary of state] finds that the name is available for corporate use, it shall reserve the name for the exclusive use of the applicant for a period of one hundred and twenty days.
C. The right to the exclusive use of a specified corporate name so reserved may be transferred to any other person or corporation by filing in the office of the commission [secretary of state] a notice of transfer, executed by the applicant for whom the name was reserved, and specifying the name and address of the transferee.