1301:5-3-13 Reservation of name.

(A) Any person who wishes to reserve a name for a proposed new partnership, association, corporation, sole proprietorship, limited liability partnership or limited liability company, or an existing partnership, association, corporation, sole-proprietorship, limited liability partnership or limited liability company intending to change its name, may submit to the division of real estate a written request for the exclusive right to use a specified name as the name of the partnership, association, corporation, sole-proprietorship, limited liability partnership or limited liability company.

(B) If the superintendent finds that the specified name is available for such use, the applicant shall have sixty days from the date of approval to apply for a license in the reserved name. Upon written request of the applicant and upon good cause shown the superintendent may grant an extension of time as deemed appropriate.

(C) The right to this name may be transferred by the applicant by filing with the division of real estate a written consent stating the name and address of the transferee. If a reserved name is transferred, the transferee, upon submitting the appropriate fee, will have sixty days from the date of transfer to apply for licensure with use of the reserved name. Upon written request of the applicant and upon good cause shown the superintendent may grant an extension of time as deemed appropriate.

Effective: 01/01/2013
R.C. 119.032 review dates: 06/25/2012 and 06/30/2016
Promulgated Under: 119.03
Statutory Authority: 4735.10
Rule Amplifies: 4735.06 , 4735.10
Prior Effective Dates: 8/3/1987, 9/24/2000