§31D-4-403. 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 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 corporate name
applied for is available, he or she shall reserve the name for the
applicant's exclusive use for a nonrenewable one hundred twenty-day
(b) The owner of a reserved corporate name may transfer the
reservation to another person by delivering to the secretary of
state a signed notice of the transfer that states the name and
address of the transferee.