LD 1539
pg. 68
Page 67 of 101 An Act To Amend the Laws Relating to Corporations, Limited Partnerships, Limite... Page 69 of 101
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LR 1942
Item 1

 
limited partnership may also use the abbreviation "L.P." or the
designation "LP" without filing an assumed name under section 405-
A.

 
2.__Prohibition.__A limited partnership name may not contain
the name of a limited partner unless:

 
A.__The name of the limited partner is also the name of a
general partner; or

 
B.__The business of the limited partnership had been carried
on under that name before the admission of that limited
partner.

 
3.__Distinguishable name.__Except as authorized by subsections
4 and 5, a limited partnership name must be distinguishable on
the records of the Secretary of State from:

 
A.__The name of a corporation, limited liability company,
limited liability partnership or limited partnership that is
incorporated, organized or authorized to transact business
or carry on activities in this State;

 
B.__Assumed, fictitious, reserved and registered name
filings for all entities; and

 
C.__Marks registered under Title 10, chapter 301-A, unless
the registered owner or holder of the mark is the same
person or entity as the limited partnership seeking to use a
name that is not distinguishable on the records of the
Secretary of State and files proof of ownership with the
Secretary of State.

 
4.__Refuse to file name.__The Secretary of State, in the
Secretary of State's discretion, may refuse to file a name that:

 
A.__Consists of or comprises language that is obscene;

 
B.__Inappropriately promotes abusive or unlawful activity;

 
C.__Falsely suggests an association with public
institutions; or

 
D.__Violates any other provision of the law of this State
with respect to names.

 
5.__Authorization to use name.__A limited partnership may
apply to the Secretary of State for authorization to use a name
that is not distinguishable on the records of the Secretary of
State from one
or more of the names described in subsection 3.


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