10.__Name of limited partnership suspended.__Subsection 3 does not apply to the name of any limited partnership, the certificate of which is suspended, on and after the 3rd anniversary of the suspension.

Sec. C-3. 31 MRSA §404, as enacted by PL 1991, c. 552, §2 and affected by §4, is repealed.

Sec. C-4. 31 MRSA §404-A is enacted to read:

§404-A.__Reserved name

1.__Reserve use of name.__A person may reserve the exclusive use of a limited partnership name, including an assumed or fictitious name, by executing and delivering for filing an application to the Secretary of State.__The application must set forth the name and address of the applicant and the name proposed to be reserved.__If the Secretary of State finds that the limited partnership name applied for is available, the Secretary of State shall reserve the name for the applicant's exclusive use for a nonrenewable period of 120 days.

2.__Transfer of reservation.__The owner of a reserved limited partnership name under subsection 1 may transfer the reservation to another person by executing and delivering for filing to the Secretary of State a notice of the transfer, signed by the transferor, that states the name and address of the transferee.

Sec. C-5. 31 MRSA §405, as enacted by PL 1991, c. 552, §2 and affected by §4, is repealed.

Sec. C-6. 31 MRSA §405-A is enacted to read:

§405-A.__Assumed or fictitious name of limited partnership

1.__Assumed name defined. As__used in this section, "assumed name" means a trade name or any name other than the real name of a limited partnership except a fictitious name.

2.__Fictitious name defined.__As used in this section, "fictitious name" means a name adopted by a foreign limited partnership authorized to transact business in this State because its real name is unavailable pursuant to section 403-A.

3.__Authorized to transact business.__Upon complying with this section, a domestic limited partnership or foreign limited