Maryland § 1-505
Full text of Maryland Maryland Code § 1-505, with citation guidance and answers to common questions.
§ 1-505.
(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.
(3) If the Department finds that the entity name applied for is available, the Department shall reserve the name for the applicant’s exclusive use for a 30-day period.
(b) (1) The owner of a reserved entity name may transfer the reservation to another person by delivering to the Department a signed notice of the transfer that states the name and address of the transferee.
(2) The transferee under this subsection:
(i) Has the exclusive use of the reserved entity name for a 30-day period starting from the date of the owner’s signed notice of the transfer provided under paragraph (1) of this subsection; and
(ii) May not transfer the reserved entity name to another person.
Frequently Asked Questions About Maryland § 1-505
What does Maryland Code § 1-505 cover?
Section 1-505 is part of the Maryland Code, the codified statutory law of Maryland. 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 Maryland § 1-505?
A common citation format is "Maryland Code § 1-505" (Maryland). 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 Maryland law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Maryland official source linked on this page or consult a licensed Maryland attorney.
How does Maryland § 1-505 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Maryland 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 Maryland.