(a) The exclusive right to the use of a limited partnership name otherwise permitted by section 321.0108 may be reserved by:
(1) a person doing business in this state under that name;
(2) a person intending to form a limited partnership under this chapter;
(3) a limited partnership intending to change its name;
(4) a foreign limited partnership intending to make application for a certificate of authority to transact business in this state;
(5) a foreign limited partnership authorized to transact business in this state and intending to change its name;
(6) a person intending to form a limited partnership in another state and intending to have the foreign limited partnership make application for a certificate of authority to transact business in this state;
(7) a foreign limited partnership formed under a name that does not comply with section 321.0108(b) or (c), but the name reserved under this subsection may differ from the foreign limited partnership's name only to the extent necessary to comply with section 321.0108(b) and (c); or
(8) a foreign limited partnership doing business under that name or a name not distinguishable from that name in one or more states other than this state and not described in clause (4), (5), (6), or (7).
(b) The reservation shall be made by delivering for filing with the secretary of state a request that the name be reserved. If the name is available for use by the applicant, the secretary of state shall reserve the name for the exclusive use of the applicant for a period of 12 months. The reservation may be renewed for successive 12-month periods.
(c) The right to the exclusive use of a limited partnership name reserved pursuant to this section may be transferred to another person by or on behalf of the applicant for whom the name was reserved by delivering for filing with the secretary of state a notice of the transfer and specifying the name and address of the transferee.
History: 2004 c 199 art 1 s 9
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