RESERVATION OF CORPORATE NAME

A. The exclusive right to the use of a corporate name, in good faith, may be reserved by:

1. Any person intending to form a corporation under Title 18 of the Oklahoma Statutes; or

2. Any corporation organized under the laws of this state intending to change its name; or

3. Any foreign corporation intending to qualify to transact business in this state under Title 18 of the Oklahoma Statutes; or

4. Any foreign corporation qualified to transact business in this state intending to change its name; or

5. Any person intending to organize a foreign corporation and intending to have such corporation qualified to transact business in this state under the laws of this state; or

6. Any corporation whose charter has expired or has been forfeited intending to renew or revive the corporation under Title 18 of the Oklahoma Statutes.

B. Such reservation shall be made by filing in the Office of the Secretary of State an application to reserve a specified corporate name. If the Secretary of State finds that such name is available for corporate use, he shall reserve the same for the exclusive use of such applicant for a period of sixty (60) days.

C. The right to the exclusive use of a specified corporate name so reserved may be transferred to any other person by filing in the Office of the Secretary of State a notice of such transfer, executed by the person for whom such name was reserved and specifying the name and address of the transferee.

Added by Laws 1986, c. 292, § 139, eff. Nov. 1, 1986.