§ 80. When partnership or business name may be continued. The use of
a partnership or a business name may be continued in either of the
following cases:

1. Where the business of any firm or partnership in this state, having
business relations with foreign countries or which has transacted
business in this state or in any other state or territory of the United
States continues to be conducted by some or any of the partners, their
or any of their assignees, appointees or successors in interest.

2. Where any partnership shall hereafter be formed under the laws of
this state it may use the firm or corporate name of any general or
limited partnership or of any corporation, domestic or foreign, which
may theretofore have carried on its business within this state, where
said general or limited partnership or corporation has discontinued or
shall be about to discontinue its business within the state, and where a
majority of the partners, general or special, in either of such last
mentioned copartnerships or of the survivors thereof shall be members of
the new copartnership, or where a majority of the members of such
copartnership theretofore existing or of the surviving members thereof,
or where stockholders holding a majority of the stock of such
corporation shall consent in writing to the use of such firm or
corporate name by such new copartnership; or

3. Where any resident of this state dies, who at the time of his death
and for at least five years immediately prior thereto, conducted and
carried on in his sole name, any business in this state, or who at the
time of his death, so conducted and carried on any business having
relation with other states or foreign countries, the right to use the
name of such person, for the purpose of continuing and carrying on such
business, shall survive and pass and be disposed of and accounted for as
a part of the personal estate of such deceased person, and such business
may be continued and carried on under such name by any person who comes
into the legal possession thereof.