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Current as of January 01, 2025 | Updated by Findlaw Staff
(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.
Cite this article: FindLaw.com - Maryland Code, Corporations and Associations § 4A-209 - last updated January 01, 2025 | https://codes.findlaw.com/md/corporations-and-associations/md-code-corp-and-assns-sect-4a-209/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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