Code of Virginia § 50-73.3. Reserved name.
287 words·~1 min read·
/va/title-50/chapter-2-1/50-73-3A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A. A person may apply to the Commission to reserve the exclusive use of a limited partnership name, including a designated name for a foreign limited partnership. The limited partnership name applied for need not comply with subsection A of § 50-73.2 . If the Commission finds that the limited partnership name is distinguishable upon the records of the Commission, it shall reserve the name for the applicant's exclusive use for a 120-day period.
B. The owner of a reserved limited partnership name may renew the reservation for successive 120-day periods each by filing with the Commission, during the 45-day period preceding the date of expiration of the reservation, a renewal application.
C. The owner of a reserved limited partnership name may transfer the reservation to any other person by delivering to the Commission a notice of the transfer, signed by the applicant for whom the name was reserved and specifying the name and address of the transferee.
D. A reserved limited partnership name may be used by its owner in connection with
(i)the formation or an amendment to change the name of a domestic stock or nonstock corporation, limited liability company, business trust, or limited partnership;
(ii)an application for a certificate of authority or registration to transact business in the Commonwealth as a foreign stock or nonstock corporation, limited liability company, business trust, or limited partnership; or
(iii)an amended application for such authority or registration, provided that the proposed name complies with the provisions of § 13.1-630 , 13.1-762 , 13.1-829 , 13.1-924 , 13.1-1012 , 13.1-1054 , 13.1-1214 , 13.1-1244 , 50-73.2 , or 50-73.56 , as the case may be.
1985, c. 607; 2006, c. 505 ; 2015, c. 444 .