16-6a-402. Reserved name.
(1) Any person may apply for the reservation of the exclusive use of a corporate name by delivering an application for reservation of name to the division for filing, setting forth: the name and address of the applicant; and the name proposed to be reserved. If the division finds that the name applied for would be available for corporate use, the division shall reserve the name for the applicant's exclusive use for 120 days from the day the division receives the application under Subsection. (1)(a) A reservation may be renewed.
(2) The owner of a reserved corporate name may transfer the reservation to any other person by delivery to the division for filing of a notice of the transfer that has been executed by the owner and states: the reserved name; the name of the owner; and the name and address of the transferee.
(3) The corporate name set forth in a document described in Subsectionis reserved until the document: (3)(b) becomes effective pursuant to Subsection; or 16-6a-108(2) is withdrawn under Subsection. 16-6a-108(3) Subsectionapplies to a document that: (3)(a) is one of the following: articles of incorporation; articles of amendment to articles of incorporation; restated articles of incorporation; or articles of merger; specifies a delayed effective date pursuant to Subsection; 16-6a-108(2) sets forth a new corporate name; and is filed by the division.