Maryland Code, CORPORATIONS AND ASSOCIATIONS 1-505
Terms Used In Maryland Code, CORPORATIONS AND ASSOCIATIONS 1-505
- including: means includes or including by way of illustration and not by way of limitation. See
- Person: includes an individual, receiver, trustee, guardian, personal representative, fiduciary, representative of any kind, corporation, partnership, business trust, statutory trust, limited liability company, firm, association, or other nongovernmental entity. See
(2) The application must set forth the name and address of the applicant and the entity name proposed to be reserved.
(3) If the Department finds that the entity name applied for is available, the Department shall reserve the name for the applicant’s exclusive use for a 30-day period.
(b) (1) The owner of a reserved entity name may transfer the reservation to another person by delivering to the Department a signed notice of the transfer that states the name and address of the transferee.
(2) The transferee under this subsection:
(i) Has the exclusive use of the reserved entity name for a 30-day period starting from the date of the owner’s signed notice of the transfer provided under paragraph (1) of this subsection; and
(ii) May not transfer the reserved entity name to another person.