New Mexico Statutes 53-19-3. Name
A. The name of a limited liability company and, if different, the name under which it proposes to transact business in New Mexico shall be stated in its articles of organization and shall contain the words “limited liability company” or “limited company” or the abbreviation “L.L.C.”, “LLC”, “L.C.” or “LC”. The word “limited” may be abbreviated as “ltd.” and the word “company” may be abbreviated as “co.”.
Terms Used In New Mexico Statutes 53-19-3
- 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.
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
B. A limited liability company name shall be distinguishable from the name of any: (1) limited liability company, limited partnership or corporation existing under the laws of this state;
(2) foreign limited liability company or corporation authorized to transact business in this state; and
(3) name reserved under Section 53-19-4 N.M. Stat. Ann..
C. The provisions of Subsection B of this section do not apply if the applicant files with the secretary of state a certified copy of a final decree of a court establishing the prior right of the limited liability company to use such name in this state.