§ 7-13-3 - Reservation of name.
SECTION 7-13-3
§ 7-13-3 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 partnershipunder this chapter and to adopt that name;
(2) Any domestic limited partnership or any foreign limitedpartnership registered in this state which, in either case, intends to adoptthat name;
(3) Any foreign limited partnership intending to register inthis state and adopt that name; and
(4) Any person intending to organize a foreign limitedpartnership and intending to have it register in this state and adopt that name.
(b) The reservation is made by filing with the secretary ofstate an application, executed by the applicant, to reserve a specified name.If the secretary of state finds that the name is available for use by adomestic or foreign limited partnership, he or she reserves the name for theexclusive use of the applicant for a period of one hundred and twenty (120)days. Once having reserved a name, that applicant may not again reserve thesame name until more than sixty (60) days after the expiration of the last onehundred and twenty-day (120) period for which that applicant reserved thatname. The right to the exclusive use of a reserved name may be transferred toany other person by filing in the office of the secretary of state a notice ofthe transfer, executed by the applicant for whom the name was reserved andspecifying the name and address of the transferee.