(a)      A corporation shall record its name with the Department as provided in Title 1, Subtitle 5 of this article.

      (b)      The Department may permit a foreign corporation that has a name prohibited by Title 1, Subtitle 5 of this article to register or qualify to do business in this State, if the foreign corporation agrees:

            (1)      To transact business in this State only under a disclosed assumed name that meets the requirements of Title 1, Subtitle 5 of this article; and

            (2)      To use the assumed name in all of its dealings with the Department and the conduct of its affairs in this State.