1. A. The name of a limited liability company and, if different, the name under which it proposes to transact business in New Mexico shall be stated in its articles of organization and shall contain the words "limited liability company" or "limited company" or the abbreviation "L.L.C.", "LLC", "L.C." or "LC". The word "limited" may be abbreviated as "ltd." and the word "company" may be abbreviated as "co.".

2. B. A limited liability company name shall be distinguishable from the name of any:

   1. (1) limited liability company, limited partnership or corporation existing under the laws of this state;
   2. (2) foreign limited liability company or corporation authorized to transact business in this state; and
   3. (3) name reserved under Section 53-19-4 NMSA 1978.
3. C. The provisions of Subsection B of this section do not apply if the applicant files with the secretary of state a certified copy of a final decree of a court establishing the prior right of the limited liability company to use such name in this state.

History: Laws 1993, ch. 280, § 3; 1995, ch. 213, § 1; 2021, ch. 68, § 7.

ANNOTATIONS

The 2021 amendment, effective July 1, 2021, required that a limited liability company include, in its articles of organization any name under which the limited liability company proposes to transact business in New Mexico if different than the name of the limited liability company; in Subsection A, after "name of a limited liability company", added "and, if different, the name under which it proposes to transact business in New Mexico"; and in Subsection C, after "files with the", deleted "commission" and added "secretary of state".

The 1995 amendment, effective June 16, 1995, added the language beginning "or the abbreviation" at the end of the first sentence in Subsection A and, in Subsection B, deleted "limited partnership" preceding "or corporation" in Paragraph (2) and substituted "under Section 53-19-4 NMSA 1978" for "or registered under Section 4 of the Limited Liability Company Act Chapter 53, Article 11, NMSA 1978 or Chapter 57, Article 2 or Article 3 NMSA 1978" in Paragraph (3).