2006 New Mexico Statutes - Section 53-8-7.1 — Reserved name.

53-8-7.1. Reserved name.

A.     The exclusive right to the use of a corporate name may be reserved by:   

(1)     any person intending to organize a corporation under the Nonprofit Corporation Act [Chapter 53, Article 8 NMSA 1978];   

(2)     any domestic corporation intending to change its name;   

(3)     any foreign corporation intending to make application for a certificate of authority to conduct affairs in this state;   

(4)     any foreign corporation authorized to conduct affairs 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 conduct affairs in this state.   

B.     The reservation shall be made by filing with the commission an application to reserve a specified corporate name, executed by the applicant. If the commission 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 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 a notice of transfer, executed by the applicant for whom the name was reserved, and specifying the name and address of the transferee.