§3006. Reserved name

Link to law: http://legislature.vermont.gov/statutes/section/11/021/03006
Published: 2015

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The Vermont Statutes Online



Title

11

:
Corporations, Partnerships and Associations






Chapter

021

:
LIMITED LIABILITY COMPANIES






Subchapter

001
:
GENERAL PROVISIONS








[Section 3006 repealed effective July 1, 2016.]

[Section 3006 repealed effective July 1,

2016.]

§

3006. Reserved name

(a) The

exclusive right to the use of a name may be reserved by any:

(1) person

intending to organize a limited liability company under this chapter and to

adopt the name;

(2) domestic or

foreign limited liability company registered in this State which intends to

adopt the name;

(3) foreign

limited liability company intending to register in this State and adopt the

name; or

(4) person

intending to organize a foreign limited liability company, register it in this

State, and adopt the name.

(b) The

reservation shall be made by filing with the Secretary of State an application,

executed by the applicant, to reserve a specified name. If the Secretary of

State determines that the name is available for use by a domestic or foreign

limited liability company, the Secretary shall reserve the name for the

exclusive use of the applicant for a period of 120 days.

(c) The owner of

a name reserved under this section may renew the reservation for two successive

periods of 120 days each.

(d) The right to

the exclusive use of a reserved name may be transferred to any other person by

filing with 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. (Added 1995, No. 179 (Adj. Sess.), § 4.)
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