Sec. 215.
(1) A person may reserve the right to use of a corporate name by executing and filing an application to reserve the name. If the administrator finds that the name is available for corporate use, he or she shall reserve it for exclusive use of the applicant for a period expiring at the end of the sixth full calendar month following the month in which the application was filed.
(2) The right to exclusive use of a reserved corporate name may be transferred to another person by filing a notice of the transfer, executed by the applicant for whom the name was reserved, and stating the name and address of the transferee.
History: 1972, Act 284, Eff. Jan. 1, 1973 ;-- Am. 1993, Act 91, Eff. Oct. 1, 1993
Structure Michigan Compiled Laws
Act 284 of 1972 - Business Corporation Act (450.1101 - 450.2099)
284-1972-2 - Chapter 2 Formation; Purposes and Powers (450.1201...450.1275)
Section 450.1201 - Incorporators.
Section 450.1202 - Articles of Incorporation; Contents.
Section 450.1209 - Articles of Incorporation; Permissible Provisions.
Section 450.1211 - Corporate Name; Required Words and Abbreviations.
Section 450.1215 - Corporate Name; Reservation of Right to Use; Transfer of Right.
Section 450.1217 - Transacting Business Under Assumed Name; Certificate.
Section 450.1221 - Beginning of Corporate Existence; Filing of Articles as Evidence.
Section 450.1231 - Adoption, Amendment, or Repeal of Bylaws; Contents of Bylaws.
Section 450.1241 - Registered Office and Resident Agent Required; Address.
Section 450.1243 - Resignation of Resident Agent.
Section 450.1246 - Service of Process.
Section 450.1261 - Corporate Powers.
Section 450.1271 - Asserting Lack of Corporate Capacity or Power.
Section 450.1275 - Agreement to Pay Interest in Excess of Legal Rate; Defense of Usury Prohibited.