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NM SB202

NM SB202
Alternate Business Entity Names


summary

Introduced
02/01/2021
In Committee
03/15/2021
Crossed Over
03/09/2021
Passed
03/20/2021
Dead
Signed/Enacted/Adopted
03/20/2021

Introduced Session

2021 Regular Session

Bill Summary

AN ACT RELATING TO BUSINESS ENTITIES; PROVIDING FOR THE REGISTRATION OF ALTERNATE BUSINESS ENTITY NAMES.

AI Summary

This bill allows businesses in New Mexico to register alternate or fictional business names that are different from their legal corporate name. The bill amends several sections of New Mexico law to establish requirements for these alternate business names, including that they cannot be the same as or confusingly similar to existing business names in the state. The bill also allows foreign corporations to use an alternate name to transact business in New Mexico if they follow certain procedures. Overall, the bill provides more flexibility for businesses to use alternate names while still ensuring uniqueness and avoiding consumer confusion.

Committee Categories

Budget and Finance, Business and Industry, Justice

Sponsors (1)

Last Action

Signed by Governor - Chapter 68 - Apr. 6 (on 03/20/2021)

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