(1) The corporate name of a licensee must include the word “BIDCO” or “Bidco” and
must be distinguishable on the records of the department from the name of any other
organized entity and from a reserved or registered name. A licensee may not transact business under a name other than its corporate name.
(2) Before being issued a license, a corporation that proposes to apply for a license
or that applies for a license may perform, under a name that indicates that the corporation
is a corporation licensed under this chapter, the acts necessary to apply for and
obtain a license and otherwise prepare to begin business as a licensee. The corporation may not represent that it is a licensee until after the license has
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