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

MD Corp & Assn Code § 4A-209 (2019) (N/A)
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(a)    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 this State; or

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

(b)    (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)    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.

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