§425-8  Reservation of partnership name. 
The exclusive right to the use of a partnership name may be reserved by any
person intending to organize a domestic partnership, by any domestic
partnership intending to change its name, by any foreign partnership intending
to do or carry on any business in the State or to take, hold, sell, demise, or
convey real estate or other property therein, by any foreign partnership
authorized to do or carry on any business in the State or to take, hold, sell,
demise, or convey real estate or other property therein and intending to change
its name, or by any person intending to organize a foreign partnership and
intending to have the partnership to do or carry on any business in the State
or to take, hold, sell, demise, or convey real estate or other property
therein.  Reservations shall be made by filing with the director of commerce
and consumer affairs an application in such form as the director may prescribe
to reserve a specified partnership name, and payment to the director of a fee
equivalent to that paid by a corporation for the same service.  If the director
finds that the name is available for partnership use, the director shall
reserve the name for the exclusive use of the applicant for a period of one
hundred twenty days.  The right to the exclusive use of a specified partnership
name so reserved may be transferred to any other person or partnership by
filing in the office of the director a notice of a transfer executed by the
applicant for whom the name is reserved specifying the name and address of the
transferee. [L 1969, c 247, pt of §1; am L 1980, c 270, §3; am L 1982, c 204,
§8; am L 1983, c 124, §17; gen ch 1985; am L 1989, c 288, §2]