Louisiana Revised Statutes 12:1307 – A. The exclusive right to use a specified name for a domestic or foreign limited liability company may be reserved by any of the following:
Terms Used In Louisiana Revised Statutes 12:1307
- Business: means any trade, occupation, profession, or other commercial activity, including but not limited to professions licensed by a state or other governmental agency whether or not engaged in for profit. See Louisiana Revised Statutes 12:1301
- domestic limited liability company: means an entity that is an unincorporated association having one or more members that is organized and existing under this Chapter. See Louisiana Revised Statutes 12:1301
- Foreign limited liability company: means a limited liability company formed under the laws of any state other than this state. See Louisiana Revised Statutes 12:1301
- Person: means a natural person, corporation, partnership, limited partnership, domestic or foreign limited liability company, joint venture, trust including a common law trust, business trust, statutory trust, voting trust, or any other form of trust, estate, or association. See Louisiana Revised Statutes 12:1301
- State: means a state, territory, or possession of the United States, the District of Columbia, or the Commonwealth of Puerto Rico. See Louisiana Revised Statutes 12:1301
A. The exclusive right to use a specified name for a domestic or foreign limited liability company may be reserved by any of the following:
(1) A person who intends to organize a domestic limited liability company under this Chapter.
(2) A domestic limited liability company which proposes to change its name.
(3) A foreign limited liability company which intends to apply for authority to do business in this state.
(4) A foreign limited liability company authorized to do business in this state which proposes to change its name.
B.(1) A person may reserve a specified name by filing a signed application with the secretary of state.
(2) If the secretary of state finds that the name is available for use by a limited liability company, he shall reserve the name for the exclusive use of the applicant for a nonrenewable period of one hundred twenty days.
(3) Repealed by Acts 2015, No. 398, §4, eff. Oct. 5, 2015.
C. The exclusive right to use a reserved name may be transferred to another person by filing with the secretary of state a notice of the transfer that specifies the name and address of the transferee and is signed by the applicant for whom the name was reserved.
D. The owner of the reserved name may terminate the reservation by delivering to the secretary of state a signed notice of termination.
E. The secretary of state may prescribe and furnish forms to reserve the name and transfer the name.
Acts 1992, No. 780, §2, eff. July 7, 1992; Acts 2015, No. 398, §§2, 4, eff. Oct. 5, 2015; Acts 2019, No. 19, §2, eff. May 28, 2019; Acts 2022, No. 193, §2.