1. I. The exclusive right to the use of a name by a domestic or foreign limited liability company may be reserved by:

   1. (a) Any person intending to organize a limited liability company under this act and to adopt that name;
   2. (b) Any domestic limited liability company or any foreign limited liability company registered in New Hampshire which, in either case, proposes to change its name to that name;
   3. (c) Any foreign limited liability company intending to register in New Hampshire and adopt that name; or
   4. (d) Any person intending to organize a foreign limited liability company and intending to have it register in New Hampshire and adopt that name.
2. II. The reservation of a specified name shall be made by filing with the secretary of state an application, signed by the applicant, to reserve a specified name.
3. III. If the secretary of state finds that the name is available for use by a domestic or foreign limited liability company, the secretary of state shall reserve the name for the exclusive use of the applicant for a period of 120 days. Once having so reserved a name, the same applicant may again reserve the same name for successive 120-day periods.
4. IV. The right to the exclusive use of a reserved name may be transferred to any other person by filing with the secretary of state a notice of the transfer, signed by the applicant for whom the name was reserved, specifying the name to be transferred and the name and address of the transferee.
5. V. The reservation of a specified name may be cancelled by filing with the secretary of state a notice of cancellation, signed by the applicant or transferee, specifying the name reservation to be cancelled and the name and address of the applicant or transferee.

Source. 2012, 232:2, eff. Jan. 1, 2013.