Statutes > New Mexico Statutes > Chapter 53 - Corporations. > Article 20 - Foreign Business Trust Administration, 53-20-1 through 53-20-17. > Section 53-20-5 - Prohibited change of name; penalties.

Section 53-20-5 - Prohibited change of name; penalties.

53-20-5. Prohibited change of name; penalties.

If a foreign business trust 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 foreign business trust shall be suspended, and it shall not thereafter transact business in this state until it changes its name to a name that is available to it under the laws of this state and obtains a certificate of correction or amendment.