48-7-103 Reservation of name.
Reservation of name.
The exclusive right to the use of a name may be reserved by:
Any person intending to organize a limited partnership under this chapter and to adopt
Any domestic limited partnership or any foreign limited partnership registered in this state
which, in either case, intends to adopt that name;
Any foreign limited partnership intending to register in this state and adopt that name; and
Any person intending to organize a foreign limited partnership and intending to have it
registered in this state and adopt that name.
The reservation shall be made by filing with the secretary of state an application, executed by the
applicant, to reserve a specified name. Delivery may be made by electronic transmission if and to
the extent permitted by the Office of the Secretary of State. If the document is filed in typewritten
or printed form and not transmitted electronically, the Office of the Secretary of State may require
one exact or conformed copy to be delivered with the document. If the secretary of state finds that
the name is available for use by a domestic or foreign limited partnership, he shall reserve the name
for the exclusive use of the applicant for a period of one hundred twenty days. Once having so
reserved a name, the same applicant may not again reserve the same name until more than sixty days
after the expiration of the last one hundred twenty-day period for which that applicant reserved that
name. The right to the exclusive use of a reserved name may be transferred to any other person by
filing in the Office of the Secretary of State a notice of the transfer, executed by the applicant for
whom the name was reserved and specifying the name and address of the transferee.
Source: SL 1986, ch 391, § 103; SL 2012, ch 222, § 18.