Illinois § 1-15
Full text of Illinois Illinois Compiled Statutes § 1-15, with citation guidance and answers to common questions.
§ 1-15.
Reservation of name. (a) The exclusive right to the use of a name may be reserved by any of the following: (1) A person intending to organize a limited liability company under this Act which will have that name. (2) A limited liability company or any foreign limited liability company registered in this State that, in either case, intends to adopt that name. (3) Any foreign limited liability company having that name and intending to make application for admission to transact business in this State. (4) A person intending to organize a foreign limited liability company and intending to make application for admission to transact business in this State and adopt that name. (b) To reserve a specified name, a person shall submit an application to the Secretary of State in the form and manner the Secretary shall designate. If the Secretary of State finds that the name is available for use by a limited liability company or foreign limited liability company, the Secretary of State shall reserve the name for the exclusive use of the applicant for a period of 90 days or until surrendered by a written cancellation document signed by the applicant, whichever is sooner. The right to the exclusive use of a reserved name may be transferred to any other person by delivering to the Office of the Secretary of State a notice of the transfer, executed by the person for whom the name was reserved and specifying the name and address of the transferee. (Source: P.A. 93-59, eff. 7-1-03.)
Frequently Asked Questions About Illinois § 1-15
What does Illinois Compiled Statutes § 1-15 cover?
Section 1-15 is part of the Illinois Compiled Statutes, the codified statutory law of Illinois. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Illinois § 1-15?
A common citation format is "Illinois Compiled Statutes § 1-15" (Illinois). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Illinois law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Illinois official source linked on this page or consult a licensed Illinois attorney.
How does Illinois § 1-15 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Illinois can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Illinois.