Oregon Statutes 67.625 – Limited liability partnership name
(1) The name of the limited liability partnership shall contain the word ‘limited liability partnership‘ or the abbreviation ‘L.L.P.’ or ‘LLP’ as the last words or letters of its name.
Terms Used In Oregon Statutes 67.625
- Business: includes every trade, occupation, profession and commercial activity. See Oregon Statutes 67.005
- Common law: The legal system that originated in England and is now in use in the United States. It is based on judicial decisions rather than legislative action.
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Foreign limited liability partnership: means a partnership that:
(a) Is formed under laws other than the law of this state; and
(b) Has the status of a limited liability partnership under those laws. See Oregon Statutes 67.005
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
- Limited liability partnership: means a partnership that has registered under ORS § 67. See Oregon Statutes 67.005
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
- Partnership: means an association of two or more persons to carry on as co-owners a business for profit created under ORS § 67. See Oregon Statutes 67.005
- Professional service: means the service rendered by a professional. See Oregon Statutes 67.005
- State: means a state of the United States, the District of Columbia, the Commonwealth of Puerto Rico or any territory or insular possession subject to the jurisdiction of the United States. See Oregon Statutes 67.005
- United States: includes territories, outlying possessions and the District of Columbia. See Oregon Statutes 174.100
(2) A limited liability partnership name shall not contain the word ‘cooperative,’ ‘corporation,’ ‘corp.,’ ‘incorporated,’ ‘Inc.,’ ‘limited partnership,’ ‘L.P.,’ ‘LP,’ ‘Ltd.,’ ‘limited liability company,’ ‘L.L.C.’ or ‘LLC’ or any abbreviation or derivation of any of the terms used in this subsection.
(3) A limited liability partnership name shall be written in the alphabet used to write the English language and may include Arabic and Roman numerals and incidental punctuation.
(4) A limited liability partnership name shall be distinguishable upon the records of the office of the Secretary of State from any other limited liability partnership name, limited liability company name, corporate name, professional corporate name, nonprofit corporate name, cooperative name, limited partnership name, business trust name, reserved name, registered corporate name or assumed business name of active record with the office.
(5) Notwithstanding subsection (4) of this section, a limited liability partnership that renders professional service may use as its name all or some of the names of individual present or former partners of the partnership or a predecessor partnership, as permitted by the applicable rules of ethics and by the applicable statutory or regulatory provisions governing the rendering of such professional service. The limited liability partnership name need not satisfy the requirement of subsection (4) of this section if the partnership delivers to the office a certified copy of a final judgment of a court of competent jurisdiction that finds that the partnership has a prior or concurrent right to use the partnership name in this state.
(6) A limited liability partnership shall not transact business under an assumed business name unless the assumed business name contains the words or the abbreviation required by subsection (1) of this section and the assumed business name is registered in accordance with ORS Chapter 648.
(7) A limited liability partnership is not required to register the name of the limited liability partnership as an assumed business name under ORS Chapter 648 as long as its status as a limited liability partnership is effective.
(8) The name of a partnership that is not a limited liability partnership or a foreign limited liability partnership and the name of any corporation, limited liability company or other form of entity shall not contain the word ‘limited liability partnership’ or the abbreviation ‘L.L.P.’ or ‘LLP’ or any abbreviation or derivation of any of the terms used in this subsection.
(9) The provisions of this section do not:
(a) Abrogate or limit the law governing unfair competition or unfair trade practices; or
(b) Derogate from the common law, the principles of equity or the statutes of this state or of the United States with respect to the right to acquire and protect trade names. [1997 c.775 § 59]
(Service of Process)