LD 1609
pg. 54
Page 53 of 146 PUBLIC Law Chapter 543 Page 55 of 146
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LR 1469
Item 1

 
2.__Default interest rate.__If an obligation to pay interest
arises under this chapter and the rate is not specified, the rate
is that specified in Title 14, section 1602-B.

 
§1308.__Limited partnership name; assumed name

 
1.__Requirements for real name.__This subsection governs the
real name of a limited partnership.

 
A.__A limited partnership name:

 
(1)__May contain the name of any partner;

 
(2)__Must contain the phrase "limited partnership" or
the abbreviation "L.P." or "LP," unless the limited
partnership is filing an assumed name under subsection
2 or a registration of name under section 1309,
subsection 2. If the phrase "Limited Partnership" is
used, a limited partnership may also use the
abbreviation "L.P." or "LP" without filing an assumed
name under subsection 2; and

 
(3)__May not contain the phrase "limited liability
limited partnership" or the abbreviation "LLLP" or
"L.L.L.P." unless it has been designed as a limited
liability limited partnership.__If so designated, the
name must contain the phrase "limited liability limited
partnership" or the abbreviation "LLLP" or "L.L.L.P."
and may not contain the abbreviation "L.P." or "LP."

 
B.__Except as authorized by paragraphs C and D, a limited
partnership name must be distinguishable on the records of
the Secretary of State from:

 
(1)__The name of a corporation, nonprofit corporation,
limited liability company, limited liability
partnership or limited partnership that is
incorporated, organized or authorized to transact
business or carry on activities in this State;

 
(2)__Assumed, fictitious, reserved and registered name
filings for all entities; and

 
(3)__Marks registered under Title 10, chapter 301-A,
unless the registered owner or holder of the mark is
the same person or entity as the limited partnership
seeking to use a name that is not distinguishable on
the records of the Secretary of State and files proof
of ownership with the Secretary of State.


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