Corporate Name; Reservation of Right to Use; Transfer of Right - Mich. Comp. Laws Section 450.1215
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Michigan Laws > Corporations > Corporate Name; Reservation of Right to Use; Transfer of Right - Mich. Comp. Laws Section 450.1215
450.1215 Corporate name; reservation of right to use; transfer of right.
Sec. 215.
(1) A person may reserve the right to use of a corporate name by executing and filing an application to reserve the name. If the administrator finds that the name is available for corporate use, he or she 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 corporate 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: 1972, Act 284, Eff. Jan. 1, 1973
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Am. 1993, Act 91, Eff. Oct. 1, 1993
Section: 450.1202 450.1204 450.1205 450.1209 450.1211 450.1212 450.1213 450.1215 450.1217 450.1221 450.1223 450.1231 450.1241 450.1242 450.1243
Last modified: March 17, 2013
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