§ 105-106. Effect of change in name of firm.
87 words·~1 min read·
/nc/chapter-105/105-106A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§ 105-106. Effect of change in name of firm.
No change in the name of a firm, partnership, or corporation, nor the taking in of a new partner, nor the withdrawal of one or more of the firm, shall be considered as commencing business; but if any one or more of the partners remain in the firm, or if there is change in ownership of less than a majority of the stock, if a corporation, the business shall be regarded as continuing. (1939, c. 158, s. 184.)