3022                                    LAWS OF MARYLAND                                 Ch. 801

(1)  A PERSON WHO INTENDS TO ORGANIZE A DOMESTIC
LIMITED PARTNERSHIP;

(2)  A DOMESTIC LIMITED PARTNERSHIP WHICH
PROPOSES TO CHANGE ITS NAME;

(3)  A FOREIGN LIMITED PARTNERSHIP WHICH INTENDS
TO REGISTER TO DO BUSINESS IN THE STATE OF MARYLAND; OR

(4)  A FOREIGN LIMITED PARTNERSHIP REGISTERED TO
DO BUSINESS IN THE STATE OF MARYLAND 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 USE BY A LIMITED PARTNERSHIP, 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 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.

COMMENT

This section did not appear in either the previous
Limited Partnership Act or the prior uniform law, and is
intended to make the procedure for registering a limited
partnership's name identical to that used for corporations.

10-104. PRINCIPAL OFFICE AND RESIDENT AGENT.

EACH LIMITED PARTNERSHIP SHALL CONTINUOUSLY MAINTAIN IN
THIS STATE A PRINCIPAL OFFICE AND RESIDENT AGENT.

COMMENT

This section is new. It requires that a limited
partnership have certain minimum contacts with its state of
organization, that is, an office at which the basic
documents and financial information are kept and a resident
agent for service of process. § 1-101(g) of this article
has been amended so that the phrase "or domestic limited
partnership" appears immediately following each place where
the word "corporation" appears. A similar amendment has
been made in § l-401(a). § 1-401(b) has been amended to
provide for the manner of service upon a resident agent of a
domestic limited partnership.

10-105. RECORDS TO BE KEPT.