4.__Renewal of registered name.__A foreign corporation whose registration is effective may renew the registration for a successive year by delivering for filing to the Secretary of State a renewal application that complies with the requirements of subsection 2 between October 1st and December 31st.__The renewal application, when filed, renews the registration for the following calendar year.

5.__Qualify as foreign corporation.__A foreign corporation whose registration is effective may, after the registration is effective, qualify as a foreign corporation under the registered name or may consent in writing to the use of that name by a corporation incorporated under this Title or by another foreign corporation authorized to transact business in this State.__The registration terminates when the domestic corporation is incorporated or the foreign corporation qualifies or consents to the qualification of another foreign corporation under the registered name.

Sec. B-14. 13-B MRSA §308, as amended by PL 1995, c. 458, §7, is repealed.

Sec. B-15. 13-B MRSA §308-A is enacted to read:

§308-A.__Assumed or fictitious name of corporation

1.__Assumed name defined.__As used in this section, "assumed name" means a trade name, the name of a division not separately incorporated and not used in conjunction with the real corporate name or any name other than the real name of a corporation except a fictitious name.

2.__Fictitious name defined.__As used in this section, "fictitious name" means a name adopted by a foreign corporation authorized to carry on activities in this State because its real name is unavailable pursuant to section 301-A.

3.__Authorized to transact business.__Upon complying with this section, a domestic or foreign corporation authorized to carry on activities in this State may carry on its activities in this State under one or more assumed or fictitious names.

4.__File statement indicating use of assumed or fictitious name.__Prior to carrying on any activities in this State under an assumed or fictitious name, a corporation shall execute and deliver for filing, in accordance with sections 104 and 106, a statement setting forth: