Download Zipped Enrolled WP 6.1 HB0026.ZIP 11,691 Bytes
[Introduced][Amended][Status][Bill Documents][Fiscal Note][Bills Directory]
H.B. 26 Enrolled
AN ACT RELATING TO CORPORATIONS AND OTHER BUSINESS ENTITIES;
AMENDING PROVISIONS RELATED TO DISTINGUISHING NAMES; AND MAKING
TECHNICAL CORRECTIONS.
This act affects sections of Utah Code Annotated 1953 as follows:
AMENDS:
16-10a-401, as enacted by Chapter 277, Laws of Utah 1992
48-2a-102, as last amended by Chapter 61, Laws of Utah 1994
48-2b-106, as last amended by Chapter 61, Laws of Utah 1994
Be it enacted by the Legislature of the state of Utah:
Section 1. Section 16-10a-401 is amended to read:
16-10a-401. Corporate name.
(1) The name of a corporation:
(a) must contain:
(i) the word:
(A) "corporation[
(B) "incorporated[
(C) "company[
(ii) the abbreviation:
(A) "corp.[
(B) "inc.[
(C) "co.[
(iii) words or abbreviations of like import in another language;
(b) may not contain language stating or implying that the corporation is organized for a
purpose other than that permitted by Section 16-10a-301 and its articles of incorporation; and
(c) [
not contain the words:
(i) "Olympic[
(ii) "Olympiad[
(iii) "Citius Altius Fortius."
(2) Except as authorized by Subsections (3) and (4), the name of a corporation must be
distinguishable, as defined in Subsection (5), upon the records of the division from:
(a) the name of any domestic corporation incorporated in or foreign corporation authorized
to transact business in this state;
(b) the name of any domestic or foreign nonprofit corporation incorporated or authorized
to transact business in this state;
(c) the name of any domestic or foreign limited liability company formed or authorized to
transact business in this state;
(d) the name of any limited partnership formed or authorized to transact business in this
state;
(e) any name reserved or registered with the division for a corporation, limited liability
company, or general or limited partnership, under the laws of this state; and
(f) any business name, fictitious name, assumed name, trademark, or service mark registered
by the division.
(3) (a) A corporation may apply to the division for authorization to file its articles of
incorporation under, or to register or reserve, a name that is not distinguishable upon its records from
one or more of the names described in Subsection (2).
(b) The division shall approve the application filed under Subsection (3)(a) if:
[
applicant desires to file, or which the applicant desires to register or reserve[
(A) consents to the filing, registration, or reservation in writing; and
(B) submits an undertaking in a form satisfactory to the division to change its name to a
name that is distinguishable from the name of the applicant; or
[
of competent jurisdiction establishing the applicant's right to make the requested filing in this state
under the name applied for.
(4) A corporation may make a filing under the name, including the fictitious name, of
another domestic or foreign corporation that is used or registered in this state if:
(a) the other corporation is incorporated or authorized to transact business in this state; and
(b) the filing corporation:
[
[
(5) (a) A name is distinguishable from other names, trademarks, and service marks on the
records of the division if it:
(i) contains one or more different letters or numerals[
(ii) has a different sequence of letters or numerals from the other names on the division's
records. [
(b) Differences which are not distinguishing are:
(i) the words or abbreviations of the words:
(A) "corporation[
(B) "company[
(C) "incorporated[
(D) "limited partnership[
(E) "L.P.[
(F) "limited[
(G) "ltd.[
(H) "limited liability company[
(I) "limited company[
(J) "L.C.[
(K) "L.L.C.";
(ii) the presence or absence of the words or symbols of the words "the," "and," or "a[
(iii) differences in punctuation and special characters; [
(iv) differences in capitalization; or
(v) for a corporation incorporated in or authorized to do business in this state on or after May
4, 1998, differences between singular and plural forms of words.
(c) The director of the division has the power and authority reasonably necessary to interpret
and efficiently administer this section and to perform the duties imposed [
this section.
(6) A name [
its political subdivisions, if it is not actually such a legally established agency or subdivision, may
not be approved for filing by the division.
Section 2. Section 48-2a-102 is amended to read:
48-2a-102. Name.
(1) The name of each limited partnership as set forth in its certificate of limited partnership:
(a) shall contain the [
(i) "limited partnership[
(ii) "limited[
(iii) "L.P.[
(iv) "Ltd.";
(b) may not contain the name of a limited partner unless:
(i) it is [
(ii) it is the corporate name of a corporate general partner; or
[
the admission of that limited partner;
(c) may not contain:
(i) the words:
(A) "association[
(B) "corporation[
(C) "incorporated[
(ii) any abbreviation [
(iii) any [
other language; and
(d) [
not contain the words:
(i) "Olympic[
(ii) "Olympiad[
(iii) "Citius Altius Fortius."
(2) [
this title may not use in its name in this state any of the terms:
(i) "limited[
(ii) "limited partnership[
(iii) "Ltd.[
(iv) "L.P." [
(b) Notwithstanding Subsection (2)(a):
(i) a foreign corporation whose actual name includes the word "limited" or "Ltd." may use
its actual name in this state if it also uses:
(A) "corporation[
(B) "incorporated[
(C) any abbreviation of [
a word listed in this Subsection (2)(b)(i);
[
(A) "limited[
(B) "limited company[
(C) "L.C.[
(D) "L.L.C.[
(E) "LC[
(F) "LLC" [
[
"L.L.P.," or "LLP" in the manner allowed in Section 48-1-45.
(3) Except as authorized by Subsection (4), the name of a limited partnership must be
distinguishable as defined in Subsection (5) upon the records of the division from:
(a) the name of any limited partnership formed or authorized to transact business in this
state;
(b) the corporate name of any corporation incorporated or authorized to transact business
in this state;
(c) any limited partnership name reserved under this chapter;
(d) any corporate name reserved under Title 16, Chapter 10a, Utah Revised Business
Corporation Act;
(e) any fictitious name adopted by a foreign corporation or limited partnership authorized
to transact business in this state because its real name is unavailable;
(f) any corporate name of a not-for-profit corporation incorporated or authorized to transact
business in this state; and
(g) any assumed business name, trademark, or service mark registered by the division.
(4) (a) A limited partnership may apply to the division for approval to file its certificate
under, or to reserve, a name that is not distinguishable upon the division's records from one or more
of the names described in Subsection (3).
(b) The division shall approve of the name for which application is made under Subsection
(4)(a) if:
[
applicant desires to file:
(A) consents to the filing in writing; and
(B) submits an undertaking in a form satisfactory to the division to change its name to a
name that is distinguishable from the name of the applicant; or
[
of competent jurisdiction establishing the applicant's right to use in this state the name for which the
application is made.
(5) A name is distinguishable from other names, trademarks, and service marks registered
with the division if it contains one or more different letters or numerals from other names upon the
division's records. [
(6) The following differences are not distinguishing:
(a) the words:
(i) "corporation[
(ii) "incorporated[
(iii) "company[
(iv) "limited partnership[
(v) "limited[
(vi) "L.P.[
(vii) "Ltd.[
(b) an abbreviation [
[
"plus";
[
[
(f) for a limited partnership that is formed in or registered as a foreign limited partnership
in this state on or after May 4, 1998, differences between singular and plural forms of words.
(7) The director of the division shall have the power and authority reasonably necessary to
interpret and efficiently administer this section and to perform the duties imposed upon the division
by this section.
(8) A name that implies that the limited partnership is an agency of this state or any of its
political subdivisions, if it is not actually such a legally established agency or subdivision, may not
be approved for filing by the division.
Section 3. Section 48-2b-106 is amended to read:
48-2b-106. Name -- Exclusive right.
(1) The name of each limited liability company as set forth in the articles of organization:
(a) shall contain the words:
(i) "limited company[
(ii) "limited liability company[
(iii) "L.C.[
(iv) "L.L.C.";
(b) may not contain:
(i) the words:
(A) "association[
(B) "corporation[
(C) "incorporated[
(D) "limited partnership[
(E) "limited[
(F) "L.P.[
(G) "Ltd.[
(ii) words or any abbreviation with a similar meaning in any other language; and
(c) [
contain the words:
(i) "Olympic[
(ii) "Olympiad[
(iii) "Citius Altius Fortius."
(2) (a) A person or entity, other than a limited liability company formed or registered under
this chapter, may not use in its name in this state any of the terms:
(i) "limited liability company[
(ii) "limited company[
(iii) "L.L.C.[
(iv) "L.C.[
(v) "LLC[
(vi) "LC" [
(b) Notwithstanding Subsection (2)(a):
(i) a foreign corporation whose actual name includes the word "limited" or "Ltd." may use
its actual name in this state if it also uses:
(A) "corporation[
(B) "incorporated[
(C) an abbreviation of [
[
(ii) a limited liability partnership may use in its name the terms:
(A) "limited liability partnership[
(B) "L.L.P.[
(C) "LLP" [
(3) Except as authorized by Subsection (4), the name of a limited liability company must be
distinguishable as defined in Subsection (5) upon the records of the division from:
(a) the name of any limited partnership formed or authorized to transact business in this
state;
(b) the name of any limited liability company formed or authorized to transact business in
this state;
(c) the corporate name of any corporation incorporated or authorized to transact business in
the state;
(d) any limited partnership name reserved under this chapter;
(e) any limited liability company name reserved under this chapter;
(f) any corporate name reserved under:
(i) Title 16, Chapter 10a, Utah Revised Business Corporation Act, as amended[
(ii) Title 16, Chapter 6, Utah Nonprofit Corporation and Cooperative Association Act, as
amended;
(g) any fictitious name adopted by a foreign corporation, limited partnership, or limited
liability company authorized to transact business in this state because its real name is unavailable;
(h) any corporate name of a not-for-profit corporation incorporated or authorized to transact
business in this state; and
(i) any assumed name, trademark, or service mark registered by the division.
(4) (a) A limited liability company may apply to the division for approval to file its articles
of organization under or to reserve a name that is not distinguishable upon the division's records
from one or more of the names described in Subsection (3).
(b) The division shall approve the name for which the company applies under Subsection
(4)(a) if:
[
applicant desires to file:
(A) consents to the filing in writing; and
(B) submits an undertaking in a form satisfactory to the division to change its name to a
name that is distinguishable from the name of the applicant; or
[
of competent jurisdiction establishing the applicant's right to use the name in this state.
(5) A name is distinguishable from other names, trademarks, and service marks registered
with the division if it contains one or more different letters or numerals from other names upon the
division's records. [
(6) The following differences are not distinguishing:
(a) the [
(i) "corporation[
(ii) "incorporated[
(iii) "company[
(iv) "limited partnership[
(v) "limited[
(vi) "L.P.[
(vii) "Ltd.[
(viii) "limited liability company[
(ix) "limited company[
(x) "L.C.[
(xi) "L.L.C.[
(b) an abbreviation of [
[
"plus";
[
[
(f) for a limited liability company that is formed in or registered as a foreign limited liability
company in this state on or after May 4, 1998, differences between singular and plural forms of
words.
(7) The director of the division shall have the power and authority reasonably necessary to
interpret and efficiently administer this section and to perform the duties imposed [
division by this section.
(8) A name that implies that a limited liability company is an agency of this state or any of
its political subdivisions, if it is not actually such a legally established agency or subdivision, may
not be approved for filing by the division.
(9) The exclusive right to a name may be reserved by:
(a) any person intending to:
(i) organize a limited liability company under this chapter; and [
(ii) adopt that name;
(b) any limited liability company or any foreign limited liability company registered in this
state intending to adopt that name;
(c) any foreign limited liability company intending to:
(i) register in this state; and [
(ii) adopt that name; and
(d) any person intending to:
(i) organize a foreign limited liability company[
(ii) have [
(iii) adopt that name.
(10) (a) The reservation described in Subsection (9)(a) shall be made by filing with the
division an application executed under penalty of perjury by the applicant to reserve a specified
name.
(b) If the division finds that the name is available for use by a limited liability company or
a foreign limited liability company, it shall reserve the name exclusively for the applicant for a
period of 120 days. The name reservation may be renewed for any number of subsequent periods
of 120 days.
(c) The exclusive right to a reserved name may be transferred to any other person by filing
with the division a notice of the transfer executed under penalty of perjury by the applicant for whom
the name was reserved and specifying the name and address of the transferee.
[Bill Documents][Bills Directory]