| | | 7.__Change of corporate name by foreign corporation.__If a | | foreign corporation authorized to carry on activities in this | | State changes its corporate name to one that does not satisfy the | | requirements of this section, the foreign corporation may not | | carry on activities in this State under the proposed new name | | until it adopts a name satisfying the requirements of this | | section and files an amended application for authority under | | section 1207 that is accompanied by a statement of use of a | | fictitious name under section 308-A. |
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| | | 8.__Violations of this section. If a corporation has in other | | respects complied with this Title and its articles of | | incorporation have been filed, or if a foreign corporation has in | | other respects satisfied this Title and has been authorized to | | carry on activities in this State, subsequent discovery of a | | violation of the foregoing provisions of this section does not | | invalidate its corporate existence or authority, but the courts | | of this State may, upon application of the State or of any | | interested or affected person, enjoin such violation and grant | | any other appropriate relief. |
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| | | Sec. B-10. 13-B MRSA §302, as amended by PL 1979, c. 127, §96, is | | repealed. |
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| | | Sec. B-11. 13-B MRSA §302-A is enacted to read: |
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| | | 1.__Reserve use of name. A person may reserve the exclusive | | use of a corporate name, including an assumed or fictitious name, | | by executing and delivering for filing as provided in section 106 | | an application to the Secretary of State.__The application must | | be executed by a duly authorized person and must set forth the | | name and address of the applicant and the name proposed to be | | reserved.__If the Secretary of State finds that the corporate | | name applied for is available, the Secretary of State shall | | reserve the name for the applicant's exclusive use for a | | nonrenewable period of 120 days. |
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| | | 2.__Transfer of reservation.__The owner of a reserved | | corporate name under subsection 1 may transfer the reservation to | | another person by executing and delivering for filing to the | | Secretary of State as provided in section 106 a notice of the | | transfer, signed by the transferor, that states the name and | | address of the transferee. |
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| | | Sec. B-12. 13-B MRSA §303, as corrected by RR 2001, c. 2, Pt. B, §35 | | and affected by §58, is repealed. |
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| | | Sec. B-13. 13-B MRSA §303-A is enacted to read: |
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