48-2a-103 - Reservation of name.
48-2a-103. Reservation of name.
(1) The exclusive right to a name may be reserved by:
(a) any person intending to organize a limited partnership under this chapter and to adoptthat name;
(b) any domestic limited partnership or any foreign limited partnership registered in thisstate which, in either case, intends to adopt that name;
(c) any foreign limited partnership intending to register in this state and intending to adoptthat name; and
(d) any person intending to organize a foreign limited partnership and intending to have itregister in this state and adopt that name.
(2) The reservation shall be made by filing with the division an application, executedunder penalty of perjury by the applicant, to reserve a specified name. If the division finds thatthe name is available for use by a domestic or a foreign limited partnership, it shall reserve thename exclusively for the applicant for a period of 120 days. The name reservation may berenewed for any number of subsequent periods of 120 days. The exclusive right to a reservedname may be transferred to any other person by filing with the division a notice of the transferexecuted under penalty of perjury by the applicant for whom the name was reserved andspecifying the name and address of the transferee.
Amended by Chapter 189, 1991 General Session