| The incorporators shall adopt a corporate name, and they, |
their associates and successors may have continual succession; |
have a common seal; elect all necessary officers; adopt bylaws |
not inconsistent with law and enforce the same by suitable |
penalties; have the same rights and be under the same liabilities |
as other corporations in prosecuting and defending civil actions; |
and enjoy all other rights, privileges and immunities of a legal |
corporation. Any corporation organized under this subchapter may |
by a majority vote, at a legal meeting of its members at which at |
least 25% are present, or at a legal meeting of its directors, |
trustees or managing board, however designated, change its name |
and adopt a new one, a .__A notice of the intention to change the |
name to must be given in the call for the meeting. When the |
proceedings of such the meeting relating to such the change of |
name, are certified by the clerk or secretary of the corporation, |
are returned to the office of the corporation shall deliver for |
filing with the Secretary of State to be recorded, the a |
certificate of name is changed change signed and dated by the |
clerk or secretary of the corporation. A fee of $5 must accompany |
the certificate. The corporation, under its new name, has the |
same rights, powers and privileges, and is subject to the same |
duties, obligations and liabilities as before, and holds and is |
entitled to the same property and property rights as it held |
under its former name, and may sue or be sued by its new name, |
but no action brought against it by its former name may be |
defeated on that account. A certificate of the change of the name |
of such corporation must be filed by the clerk or secretary of |
the corporation in the registry of deeds in the county in which |
the corporation has its location within 20 days after the |
proceedings of the meeting are returned to the office of the |
Secretary of State. No fee is required by the Secretary of State |
for the filing, but the registry of deeds must receive for |
recording such certificate the fee of 50¢. This section does not |
apply to corporations organized under or governed by Title 13-B. |