                                 CODE OF VIRGINIA

RESERVED NAME (§ 13.1-1215)

A. A person may apply to the Commission to reserve the exclusive use of a
business trust name, including a designated name for a foreign business trust.
If the Commission finds that the business trust name applied for is
distinguishable upon the records of the Commission, it shall reserve the name
for the applicant&#8217;s exclusive use for a 120-day period.

B. The owner of a reserved business trust name may renew the reservation for
successive periods of 120 days each by filing with the Commission, during the
45-day period preceding the date of expiration of the reservation, a renewal
application.

C. The owner of a reserved business trust name may transfer the reservation to
another person by delivering to the Commission a notice of the transfer, signed
by the applicant for whom the name was reserved, and specifying the name and
address of the transferee.

D. A reserved business trust name may be used by its owner in connection with
(i) the formation or an amendment to change the name of a domestic stock or
nonstock corporation, limited liability company, business trust, or limited
partnership; (ii) an application for a certificate of authority or registration
to transact business in the Commonwealth as a foreign stock or nonstock
corporation, limited liability company, business trust, or limited partnership;
or (iii) an amended application for such authority or registration, provided
that the proposed name complies with the provisions of &#xA7; 13.1-630,
13.1-762, 13.1-829, 13.1-924, 13.1-1012, 13.1-1054, 13.1-1214, 13.1-1244,
50-73.2, or 50-73.56, as the case may be.

HISTORY: 2002, c. 621; 2006, c. 505; 2015, c. 444.