Rhode Island General Laws 7-1.2-403. Reserved name
(a) The exclusive right to the use of a corporate name may be reserved by:
(1) Any individual 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.
(5) Any individual 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.
Terms Used In Rhode Island General Laws 7-1.2-403
- 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.
- domestic corporation: means a corporation for profit subject to the provisions of this chapter, except a foreign corporation. See Rhode Island General Laws 7-1.2-106
- Executed: means an original signature, facsimile, or an electronically transmitted signature submitted through a medium provided and authorized by the secretary of state. See Rhode Island General Laws 7-1.2-106
- Filing: means delivered to the secretary of state in either paper format or electronic transmission through a medium provided and authorized by the secretary of state. See Rhode Island General Laws 7-1.2-106
- Foreign corporation: means a corporation for profit organized under laws other than the laws of this state for a purpose or purposes for which a corporation may be organized under this chapter. See Rhode Island General Laws 7-1.2-106
- Individual: means a natural person. See Rhode Island General Laws 7-1.2-106
- Person: means an individual or an entity. See Rhode Island General Laws 7-1.2-106
- State: means the state of Rhode Island. See Rhode Island General Laws 7-1.2-106
(b) The reservation is made by filing with the secretary of state an application to reserve a specified corporate name, executed by the applicant. If the secretary of state finds that the name is available for corporate use, the secretary of state shall reserve the name for the exclusive use of the applicant for a non-renewable period of one hundred and twenty (120) days.
(c) The right to the exclusive use of a specified corporate name so reserved may be transferred to any other person by filing in the office of the secretary of state a notice of the transfer, executed by the applicant for whom the name was reserved, and specifying the name and address of the transferee.
History of Section.
P.L. 2004, ch. 216, § 2; P.L. 2004, ch. 274, § 2.