Section 108.12 - Limited Partnership Name(1) The name of the limited partnership:(a) shall contain the words "limited partnership" without abbreviation;(b) may not contain the name or surname of a limited partner unless it is also the surname of a general partner, or prior to the admission of the limited partner, the business had been carried on under a name in which his surname appeared;(c) may not indicate that the partnership is organized other than for a purpose stated in a certificate of limited partnership; and(d) may not be the same as, or deceptively similar to the name of any corporation, limited partnership, or limited liability company reserved or organized under the laws of the Commonwealth or registered as a foreign corporation, foreign limited partnership, or foreign limited liability company in the commonwealth, business trust or trademark/service mark filed with the Division, except with the written consent of the corporation, limited partnership, limited liability company, business trust or owner of the mark previously filed with the Division.(2) Any person intending to organize a limited partnership, any domestic limited partnership or foreign limited partnership registered in the Commonwealth or any foreign limited liability company intending to register in the Commonwealth may reserve the exclusive right to use a name, if available under the laws of the Commonwealth. The reservation shall be made by filing an application with the Division specifying the name to be reserved and the name and address of the applicant. The application must be accompanied by a $30.00 filing fee. The name shall be reserved for a period of 60 days. The reservation may be extended for an additional 60 day period upon written request of the applicant and payment of an additional $30.00 fee.
The right to the exclusive use of a reserved name may be transferred to any other person by filing a notice of the transfer, executed by the applicant for whom the name was reserved, specifying the name and address of the transferee and accompanied by a fee of $30,00.