(1) The state has the exclusive right to the name "the Montana university system".
(2) No other institution of learning or corporation may use the name "the Montana university system" or similar name.
(3) The attorney general shall bring an action in the name of the state against any person, association, or corporation using the same or similar name.
(4) The penalty for violation of this section shall be the dissolution of the corporation and a fine in a sum not exceeding $500 or less than $100.