(805 ILCS 105/104.10) (from Ch. 32, par. 104.10)
Sec. 104.10.
Reserved name.
The exclusive right to the
use of a corporate name or an assumed corporate name, as the
case may be, may be reserved by:
(a) Any person intending to organize a corporation under
this Act;
(b) Any domestic corporation intending to change its name;
(c) Any foreign corporation intending to make application
for a certificate of authority to conduct affairs in this
State;
(d) Any foreign corporation authorized to conduct affairs
in this State and intending to change its name;
(e) Any person intending to organize a foreign corporation
and intending to have such corporation make application for
a certificate of authority to conduct affairs in this State;
(f) Any domestic corporation intending to adopt an assumed
corporate name; or
(g) Any foreign corporation authorized to conduct affairs
in this State and intending to adopt an assumed corporate
name.
Such reservation shall be made by filing in the office of
the Secretary of State an application to reserve a specified
corporate name or a specified assumed corporate name,
executed by the applicant. If the Secretary of State finds
that such name is available for corporate use, he or she
shall reserve the same for the exclusive use of such
applicant for a period of ninety days.
The right to the exclusive use of a specified corporate name
or assumed corporate name so reserved may be transferred to
any other person by filing in the office of the Secretary of
State a notice of such transfer, executed by the person for
whom such name was reserved, and specifying the name and
address of the transferee.
The Secretary of State may revoke any reservation if, after
a hearing, he or she finds that the application therefor or
any transfer thereof was made contrary to this Act.
(Source: P.A. 84-1423.)
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