§415-109 Change of name by foreign corporation. (a) Whenever a foreign corporation which is authorized to transact business in this State shall change its name to one under which a certificate of authority would not be granted to it on application therefor, the foreign corporation shall not thereafter transact any business in this State until it has changed its name to a name which is available to it under the laws of this State or has otherwise complied with the provisions of this chapter.

(b) If a foreign corporation is unable to change its name to a name which is available to it under the laws of this State, it may deliver to the director a copy of a certificate of registration of a trade name for the foreign corporation's file and thereafter become authorized to transact business in the State under that name. [L 1983, c 167, pt of §1; am L 1985, c 270, §4; am L 1987, c 135, §77]