§ 414. Noncomplying name of foreign association.
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§ 414. Noncomplying name of foreign association.
(a)General rule.-- A foreign filing association or foreign limited liability partnership whose name does not comply with Subchapter A of Chapter 2 (relating to names) may not register to do business in this Commonwealth until it adopts, for the purpose of doing business in this Commonwealth, an alternate name that complies with Subchapter A of Chapter 2. A foreign association that registers under an alternate name under this subsection is not required to comply with 54 Pa.C.S. Ch. 3 (relating to fictitious names) with respect to the alternate name. After registering to do business in this Commonwealth under an alternate name, a foreign association shall do business in this Commonwealth under any of the following:
(1)The alternate name.
(2)Its proper name under the laws of its jurisdiction of formation, with the addition of the name of its jurisdiction of formation.
(3)A name the foreign association is authorized to use under 54 Pa.C.S. Ch. 3.
(b)Change of name.-- If a registered foreign association changes its name to one that does not comply with Subchapter A of Chapter 2, it may not do business in this Commonwealth until it complies with subsection
(a)by amending its registration to adopt an alternate name that complies with Subchapter A of Chapter 2.
(c)Filed documents.-- If a registered foreign association adopts an alternate name under subsection (a), the association shall use the alternate name in response to a requirement in this title that a document delivered to the department for filing state the name of the association.
(d)Use of permitted names.-- The doing of business by a registered foreign association using a name permitted by subsection
(a)has the same force and effect as doing business using the proper name of the association under the laws of its jurisdiction of formation.
15c414v
(Nov. 3, 2022, P.L.1791, No.122, eff. 60 days)
2022 Amendment. Act 122 added subsec. (d).
Cross References. Section 414 is referred to in sections 412, 418 of this title.
15c415s