501A.302 - RESERVED NAME.

        501A.302  RESERVED NAME.         1.  A person may reserve the exclusive use of a cooperative name,      including a fictitious name for a foreign cooperative whose      cooperative name is not available, by delivering an application to      the secretary for filing.  The application must set forth the name      and address of the applicant and the name proposed to be reserved.      If the secretary finds that the cooperative name applied for is      available, the secretary shall reserve the name for the applicant's      exclusive use for a nonrenewable one-hundred-twenty-day period.         2.  The owner of a reserved cooperative name may transfer the      reservation to another person by delivering to the secretary a signed      notice of the transfer that states the name and address of the      transferee.  
         Section History: Recent Form
         2005 Acts, ch 135, §19