(1) The exclusive right to the use of a name may be reserved by:
- (a) Any person intending to organize a limited partnership under this act and to adopt that name;
- (b) Any domestic limited partnership or any foreign limited partnership registered in this state which, in either case, intends to adopt that name;
- (c) Any foreign limited partnership intending to register in this state and adopt that name; or
- (d) Any person intending to organize a foreign limited partnership and intending to have it registered in this state and adopt that name.
- (2) The reservation must be made by filing with the Department of State an application, executed by the applicant, to reserve a specified name. If the department finds that the name is available for use by a domestic or foreign limited partnership, it shall reserve the name for the exclusive use of the applicant for a period of 120 days. The reservation may not be renewed. The right to the exclusive use of a reserved name may be transferred to any other person by filing with the department a notice of the transfer, executed by the applicant for whom the name was reserved and specifying the name and address of the transferee.
History.--s. 4, ch. 86-263; s. 3, ch. 90-162.