2006 Code of Virginia § 13.1-830 - Reserved name

13.1-830. Reserved name.

A. Any person or foreign or domestic corporation may apply to the Commissionto reserve the exclusive use of a corporate name, including a designated namefor a foreign corporation whose corporate name is not available. If theCommission finds that the name applied for is available, it shall reserve thename for the applicant's exclusive use for a 120-day period.

B. The owner of a reserved corporate name may renew the reservation forsuccessive periods of 120 days each by filing with the Commission, during the45-day period preceding the date of expiration of the reservation, a renewalapplication.

C. The owner of a reserved corporate name may transfer the reservation toanother person or corporation by delivering to the Commission a notice of thetransfer, executed by the applicant for whom the name was reserved, andspecifying the name and address of the transferee.

(Code 1950, 13.1-207.1; 1975, c. 500; 1985, c. 522; 2006, c. 505.)