§415-9 Reserved name.
The exclusive right to use the corporate name may be reserved by:(1) Any person intending to organize a corporation under this chapter;
(2) Any domestic corporation intending to change its name;
(3) Any foreign corporation intending to make application for a certificate of authority to transact business in this State;
(4) Any foreign corporation authorized to transact business in this State and intending to change its name; or
(5) Any person intending to organize a foreign corporation and intending to have the corporation make application for a certificate of authority to transact business in this State.
The reservation shall be made by delivering to the director an application to reserve a specified corporate name, executed by the applicant. If the director finds that the name is available for corporate use, the director shall reserve the same for the exclusive use of the applicant for one hundred twenty days.
The right to the exclusive use of a specified corporate name so reserved may be transferred to any other person or corporation by delivering to the director a notice of the transfer, executed by the applicant for whom the name was reserved, and specifying the name and address of the transferee. [L 1983, c 167, pt of §1; am L 1985, c 270, §4; gen ch 1985; am L 1987, c 135, §7]