§ 12:1307 — Reservation of name; transfer of reserved name

§1307. Reservation of name; transfer of reserved name
A. The exclusive right to use a specified name for a domestic or foreign limited
liability company may be reserved by any of the following:
(1) A person who intends to organize a domestic limited liability company under this
Chapter.
(2) A domestic limited liability company which proposes to change its name.
(3) A foreign limited liability company which intends to apply for authority to do
business in this state.
(4) A foreign limited liability company authorized to do business in this state which
proposes to change its name.
B.(1) A person may reserve a specified name by filing a signed application with the
secretary of state.
(2) If the secretary of state finds that the name is available for use by a limited
liability company, he shall reserve the name for the exclusive use of the applicant for a
nonrenewable period of one hundred twenty days.
(3) Repealed by Acts 2015, No. 398, §4, eff. Oct. 5, 2015.
C. The exclusive right to use a reserved name may be transferred to another person
by filing with the secretary of state a notice of the transfer that specifies the name and address
of the transferee and is signed by the applicant for whom the name was reserved.
D. The owner of the reserved name may terminate the reservation by delivering to
the secretary of state a signed notice of termination.
E. The secretary of state may prescribe and furnish forms to reserve the name and
transfer the name.

Legislative History

Acts 1992, No. 780, §2, eff. July 7, 1992; Acts 2015, No. 398, §§2, 4, eff. Oct. 5, 2015; Acts 2019, No. 19, §2, eff. May 28, 2019; Acts 2022, No. 193, §2.