Illinois General Assembly - Illinois Compiled Statutes

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805 ILCS 5/4.10

(805 ILCS 5/4.10) (from Ch. 32, par. 4.10)

Sec. 4.10. 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 authority to transact business in this State.

(d) Any foreign corporation authorized to transact business 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 authority
to transact business in this State.

(f) Any domestic corporation intending to adopt an assumed corporate name.

(g) Any foreign corporation authorized to transact business 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
or until surrendered by a written cancellation document signed by the
applicant,
whichever is sooner.

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. 96-66, eff. 1-1-10.)