Sec. 205.
(1) A person may reserve the right to use of a limited liability company name by executing and filing with the administrator an application to reserve the name. If the administrator finds that the name is available for use, the administrator 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 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: 1993, Act 23, Eff. June 1, 1993
Structure Michigan Compiled Laws
Act 23 of 1993 - Michigan Limited Liability Company Act (450.4101 - 450.5200)
Article 2 - (450.4201...450.4216)
Section 450.4201 - Limited Liability Company; Purpose.
Section 450.4203 - Articles of Organization; Contents.
Section 450.4204a - Limited Liability Company Licensed as Nursing Home; Use of Terms.
Section 450.4205 - Reserving Right to Use of Name; Application; Transfer of Right.
Section 450.4207a - Certificate of Good Standing.
Section 450.4210 - Limited Liability Company; Powers.
Section 450.4211 - Validity of Action or Transfer of Property; Asserting Lack of Capacity or Power.
Section 450.4212 - Interest Rate; Agreement.
Section 450.4213 - Registered Office or Principal Place of Business; Documents Required to Be Kept.
Section 450.4214 - Conflict Between Articles of Organization and Operating Agreement.