Sec. 34-13a. Reservation of name.
Sec. 34-13a. Reservation of name. (a) The exclusive right to the use of a name
may be reserved by:
(1) Any person intending to organize a limited partnership under this chapter and
to adopt that name;
(2) Any domestic limited partnership or any foreign limited partnership registered
in this state which, in either case, intends to adopt that name;
(3) Any foreign limited partnership intending to register in this state and adopt that
name; and
(4) Any person intending to organize a foreign limited partnership and intending
to have it register in this state and adopt that name.
(b) The reservation shall be made by filing with the Secretary of the State an application, executed by the applicant, to reserve a specified name. If the Secretary of the 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. 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 the 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.
(c) Any person for whom a specified limited partnership name has been reserved
pursuant to subsection (b) of this section may, during the period for which such name
is reserved, terminate such reservation by filing in the office of the Secretary of the State
an application for cancellation of reservation of limited partnership name, together with
the applicable fee.
(P.A. 79-440, S. 3; P.A. 93-363, S. 18; P.A. 94-123, S. 4.)
History: P.A. 93-363 amended Subsec. (b) by deleting provision prohibiting same applicant from reserving same name
until more than 60 days after expiration of last 120-day period for which applicant reserved name; P.A. 94-123 added
Subsec. (c) authorizing the cancellation of the reservation of a limited partnership name and specifying the procedure
therefor.