The name of each limited partnership as set forth in its certificate of limited partnership:

1. 1. Shall contain the words "limited partnership" or the initials "l.p." or "LP", in upper or lower case;

2. 2. May not contain the name of a limited partner unless:

   1. (a) It is also the name of a general partner or the corporate name of a corporate general partner; or
   2. (b) The business of the limited partnership had been carried on under that name before the admission of that limited partner; and

3. 3. Must be distinguishable from the name of any limited liability company, corporation or limited partnership organized under the laws of this state or licensed or registered as a foreign limited liability company, corporation or limited partnership in this state or a name the exclusive right to which at the time, is reserved in the manner provided under the laws of this state or a trade name registered pursuant to title 44, chapter 10, article 3.1. This paragraph does not apply if the applicant files with the secretary of state either of the following:

   1. (a) The written consent of the holder of the name to use the same name and one or more words are added or deleted to make the name distinguishable from the other name.
   2. (b) A certified copy of a final decree of a court of competent jurisdiction establishing the prior right of the applicant to use the name applied for in this state.