Section 1-501 – “Entity” Defined

    In this subtitle, “entity” includes:         (1)    A corporation;         (2)    A limited liability company;         (3)    A limited liability partnership;         (4)    A limited partnership;         (5)    A limited liability limited partnership;         (6)    A professional corporation;         (7)    A trade name filer; and         (8)    A business trust.

Section 1-502 – Requirements

    (a)    (1)    The name of a corporation must include one of the following words or an abbreviation of one of the following words:             (i)    “Company”, if it is not preceded by the word “and” or a symbol for the word “and”;             (ii)    “Corporation”;             (iii)    “Incorporated”; or             (iv)    “Limited”.         (2)    If a corporation is a benefit corporation, the name of the benefit corporation […]

Section 1-503 – Prohibited Language in Names

    (a)    An entity name may not contain language stating or implying that the entity is organized for a purpose other than that allowed by the entity’s:         (1)    Articles of incorporation, if the entity is a corporation;         (2)    Articles of organization, if the entity is a limited liability company;         (3)    Certificate of limited liability partnership, if the entity is a […]

Section 1-504 – Name to Be Distinguishable

    An entity name must be distinguishable upon the records of the Department from:         (1)    The entity name of an entity organized or authorized to transact business in the State;         (2)    An entity name reserved or registered under this subtitle; and         (3)    The disclosed assumed name adopted by a foreign entity authorized to transact business in this State.

Section 1-505 – Exclusive Use of Name

    (a)    (1)    A person may reserve the exclusive use of an entity name, including a disclosed assumed name for a foreign entity whose entity name is not available, by delivering an application to the Department for filing.         (2)    The application must set forth the name and address of the applicant and the entity name proposed to be reserved. […]

Section 1-506 – Foreign Entities

    (a)    A foreign entity may register its entity name or its entity name with any changes required by § 1-502 or § 1-503 of this subtitle, if the name is distinguishable upon the records of the Department as provided in § 1-504 of this subtitle.     (b)    A foreign entity shall register its entity name by delivering to […]

Section 1-507 – Grandfather Clause

    An entity name that was recorded, registered, or reserved prior to October 1, 1998, may continue to be used even if the name does not comply with the requirements of this subtitle.

Section 1-508 – Regulations

    The Department may adopt regulations necessary to implement this subtitle.