HARRY HUGHES, Governor

1623

(a)  The name of the corporation shall indicate its
corporate status. Corporate status is indicated if the name
contains one of the following words or ends with an
abbreviation of one of them:

(1)  Company, if it is not preceded by the word
"and" or a symbol for it;

(2)  "Corporation";

(3)  "Incorporated"; or

(4)  "Limited."

(b)  The name of a corporation may not:

(1)  Contain any word or phrase which indicates
or implies that it is organized for any purpose not
contained in its charter; or

(2)  Be the same as or misleadingly similar to:

(i) The name of any Maryland corporation;

(ii) The name of any foreign corporation
registered or qualified to do business in this State; [or]

(iii) Any name which is reserved under §
2-107 of this title or registered under § 7-101 of this
article; OR

(IV) A NAME THAT A FOREIGN CORPORATION HAS
ASSUMED UNDER SUBSECTION (C) OF THIS SECTION.

(C) THE DEPARTMENT MAY PERMIT A FOREIGN CORPORATION
THAT HAS A NAME PROHIBITED BY SUBSECTION (B)(2) OF THIS
SECTION TO REGISTER OR QUALIFY TO DO BUSINESS IN THIS STATE,
IF THE FOREIGN CORPORATION AGREES:

(1)  TO TRANSACT BUSINESS IN THIS STATE ONLY
UNDER A DISCLOSED ASSUMED NAME THAT MEETS THE REQUIREMENTS
OF THIS SECTION; AND

(2)  TO USE THE ASSUMED NAME IN ALL OF ITS
DEALINGS WITH THE DEPARTMENT AND THE CONDUCT OF ITS AFFAIRS
IN THIS STATE.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act
shall take effect July 1, 1981.

Approved May 12, 1981.