Section 209 - Reservation of name; transfer of reserved name. - Maryland Statutes

§ 4A-209. Reservation of name; transfer of reserved name.
 

(a)  Who may reserve.- The exclusive right to use a specified name for a domestic or foreign limited liability company may be reserved by: 

(1) A person who intends to organize a domestic limited liability company; 

(2) A domestic limited liability company that proposes to change its name; 

(3) A foreign limited liability company that intends to register to do business in the State of Maryland; or 

(4) A foreign limited liability company registered to do business in the State of Maryland that proposes to change its name. 

(b)  Procedure.-  

(1) A person may reserve a specified name by filing a signed application with the Department. 

(2) If the Department finds that the name is available for use by a limited liability company, the Department shall reserve the name for 30 days for the exclusive use of the applicant. 

(c)  Transferability.- The exclusive right to use a reserved name may be transferred to another person by filing with the Department a notice of the transfer which specifies the name and address of the transferee and is signed by the applicant for whom the name was reserved. 
 

[1992, ch. 536.]