[§414D-62]  Reserved name.  (a)  A person
may reserve the exclusive use of a corporate name, including a fictitious name
for a foreign corporation whose corporate name is not available, by delivering
an application to the department director for filing.  Upon finding that the
corporate name applied for is available, the department director shall
reserve the name for the applicant's exclusive use for a one hundred twenty-day
period.



(b)  The owner of a reserved corporate name may
transfer the reservation to another person by delivering to the department
director a signed notice of the transfer that states the name and address of
the transferee. [L 2001, c 105, pt of §1]