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H.B. 384 Enrolled

                 

CONDUCTING BUSINESS UNDER AN ASSUMED NAME

                 
1999 GENERAL SESSION

                 
STATE OF UTAH

                 
Sponsor: Greg J. Curtis

                  AN ACT RELATING TO NAMES; REQUIRING THE INCLUSION OF A NOTICE RELATING
                  TO USE OF PROTECTED NAMES ON CERTIFICATES OF ASSUMED NAMES FILED
                  WITH THE DIVISION OF CORPORATIONS AND COMMERCIAL CODE; AND
                  CLARIFYING THAT AN ASSUMED NAME FILING DOES NOT AUTHORIZE THE USE OF
                  NAMES IN VIOLATION OF APPLICABLE STATE AND FEDERAL LAW.
                  This act affects sections of Utah Code Annotated 1953 as follows:
                  AMENDS:
                      42-2-5, as last amended by Chapter 108, Laws of Utah 1990
                      42-2-9, as last amended by Chapter 168, Laws of Utah 1992
                  Be it enacted by the Legislature of the state of Utah:
                      Section 1. Section 42-2-5 is amended to read:
                       42-2-5. Certificate of assumed and of true name -- Contents -- Execution -- Filing --
                  Notice.
                      (1) Every person who carries on, conducts, or transacts business in this state under an
                  assumed name, whether that business is carried on, conducted, or transacted as an individual,
                  association, partnership, corporation, or otherwise, shall file with the Division of Corporations and
                  Commercial Code a certificate setting forth:
                      (a) the name under which the business is, or is to be carried on, conducted, or transacted,
                  and the full true name, or names, of the person owning, and the person carrying on, conducting,
                  or transacting the business; and
                      (b) the location of the principal place of business, and the street address of the person.
                      (2) The certificate shall be executed by the person owning, and the person carrying on,
                  conducting, or transacting the business, and shall be filed not later than 30 days after the time of
                  commencing to carry on, conduct, or transact the business.
                      (3) "Filed" means the Division of Corporations and Commercial Code has received and


                  approved, as to form, a document submitted under the provisions of this chapter, and has marked on
                  the face of the document a stamp or seal indicating the time of day and date of approval, the name
                  of the division, the division director's signature and division seal, or facsimiles of the signature or
                  seal.
                      (4) Every certificate filed with the Division of Corporations and Commercial Code under
                  this chapter shall include the following notice in a conspicuous place on the face thereof:
                      NOTICE - THE FILING OF THIS APPLICATION AND ITS APPROVAL BY THE
                  DIVISION OF CORPORATIONS AND COMMERCIAL CODE DOES NOT AUTHORIZE THE
                  USE IN THE STATE OF UTAH OF AN ASSUMED NAME IN VIOLATION OF THE RIGHTS
                  OF ANOTHER UNDER FEDERAL, STATE, OR COMMON LAW (SEE UTAH CODE ANN.
                  SECTIONS 42-2-5 ET SEQ.).
                      Section 2. Section 42-2-9 is amended to read:
                       42-2-9. Corporate names, limited liability company names, and trademark, service
                  mark, and trade name rights not affected.
                      (1) This chapter does not affect or apply to any corporation organized under the laws of any
                  state if it does business under its true corporate name.
                      (2) This chapter does not affect the statutory or common law trademark, service mark, or
                  trade name rights granted by state or federal statute. Neither a filing under this chapter, nor an
                  approval by the Division of Corporations and Commercial Code pursuant to this chapter, nor the use
                  of an assumed name shall, of itself, authorize the use in this state of an assumed name in violation
                  of the rights of another as established under this chapter, the state law relating to trademarks (Title
                  70, Chapter 3), the state law relating to names of corporations, partnerships, and other legal business
                  entities, the federal law relating to trademarks and service marks (15 U.S.C. Section 1051 et seq.),
                  or the common law, including rights in a trade name.
                      (3) This chapter does not affect or apply to any limited liability company doing business in
                  this state under its true name.

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