State Codes and Statutes
Statutes > Virginia > Title-13-1 > Chapter-9 > 13-1-631§ 13.1-631. Reserved name.
A. A person may apply to the Commission to reserve the exclusive use of acorporate name, including a designated name for a foreign corporation whosecorporate name is not available. If the Commission finds that the corporatename applied for is available, it shall reserve the name for the applicant'sexclusive use for a 120-day period.
B. The owner of a reserved corporate name may renew the reservation forsuccessive periods of 120 days each by filing with the Commission, during the45-day period preceding the date of expiration of the reservation, a renewalapplication.
C. The owner of a reserved corporate name may transfer the reservation toanother person by delivering to the Commission a notice of the transfer,executed by the applicant for whom the name was reserved, and specifying thename and address of the transferee.
(Code 1950, § 13.1-7; 1956, c. 428; 1985, c. 522; 2005, c. 765.)
