MARVIN MANDEL, Governor                               1527

The only changes are in style.

The provisions of present §5 (b) and (c)
which prohibit use of a corporate indication
by a noncorporate entity now appear in Title 1
of this article.

2-107. RESERVED NAME.

(A)   WHO MAY RESERVE.

THE EXCLUSIVE RIGHT TO USE A SPECIFIED NAME FOR A
CORPORATION MAY BE RESERVED BY:

(1)     A PERSON WHO INTENDS TO ORGANIZE A
MARYLAND CORPORATION;

(2)    A MARYLAND CORPORATION WHICH PROPOSES
TO CHANGE ITS NAME;

(3)     A FOREIGN CORPORATION WHICH INTENDS TO
REGISTER OR QUALIFY TO DO BUSINESS IN THIS STATE; OR

(4)    A FOREIGN CORPORATION REGISTERED OR
QUALIFIED TO DO BUSINESS IN THIS STATE WHICH PROPOSES TO
CHANGE ITS NAME.

(B)   PROCEDURE.

(1)   A PERSON MAY RESERVE A SPECIFIED NAME BY
FILING A SIGNED APPLICATION WITH THE DEPARTMENT.

(2)    IF THE   DEPARTMENT FINDS THAT THE NAME IS
AVAILABLE FOR CORPORATE USE, THE DEPARTMENT SHALL RESERVE
THE NAME FOR 30 DAYS FOR THE EXCLUSIVE USE OF THE
APPLICANT.

(C)         TRANSFERABILITY.

THE EXCLUSIVE RIGHT TO USE A RESERVED NAME MAY
BE TRANSFERRED TO ANOTHER PERSON OR CORPORATION BY FILING
WITH THE DEPARTMENT A NOTICE OF THE TRANSFER WHICH
SPECIFIES THE NAME AND ADDRESS OF THE TRANSFEREE AND IS
SIGNED BY THE APPLICANT FOR WHOM THE NAME WAS RESERVED.

REVISOR'S NOTE: This section presently appears as
Art. 23, §6.

References to the filing fees charged by the
Department are deleted as unnecessary in light
of §1-201 of this article.

The only other changes are in style.