§31B-1-106. Reserved name.
(a) A person may reserve the exclusive use of the name of a
limited liability company, including a fictitious name for a
foreign company whose name is not available, by delivering an
application to the secretary of state for filing. The application
must set forth the name and address of the applicant and the name
proposed to be reserved. If the secretary of state finds that the
name applied for is available, it must be reserved for the
applicant's exclusive use for a one hundred twenty-day period. The
reservation may be renewed for one additional period of one hundred
twenty days, but may not thereafter be reserved by the same or
associated persons within one calendar year of the expiration of
the last reservation period.
(b) The owner of a name reserved for a limited liability
company may transfer the reservation to another person by
delivering to the secretary of state a signed notice of the
transfer which states the name and address of the transferee.