Rhode Island General Laws 7-6-11.1. Reservation of name – Transfer of reserved name
(a) The exclusive right to use a specified name for a domestic or foreign nonprofit corporation may be reserved by:
(1) A person who intends to organize a domestic nonprofit corporation;
(2) A domestic nonprofit corporation or foreign nonprofit corporation authorized to conduct affairs in this state that, in either case, proposes to change its name;
(3) A foreign nonprofit corporation that intends to make applications for a certificate of authority to conduct affairs in this state; or
(4) Any person intending to organize a foreign nonprofit corporation and intending to have it registered in this state and adopt that name.
Terms Used In Rhode Island General Laws 7-6-11.1
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Filing: means delivered to the secretary of state in either paper format or electronic transmission through a medium provided and authorized by the secretary of state. See Rhode Island General Laws 7-6-2
- Nonprofit corporation: means a corporation of which no part of the income or profit is distributable to its members, directors, or officers, except as otherwise expressly permitted by this chapter. See Rhode Island General Laws 7-6-2
- person: may be construed to extend to and include co-partnerships and bodies corporate and politic. See Rhode Island General Laws 43-3-6
(b) A person may reserve a specified name by filing a signed application with the secretary of state accompanied by a fee of twenty dollars ($20.00) and, if the secretary of state finds that the name is available, the secretary of state shall reserve the name for one hundred twenty (120) days for the exclusive use of the applicant.
(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, specifying the name and address of the transferee and signed by the applicant for whom the name was reserved.
History of Section.
P.L. 1997, ch. 188, § 3.