(2) If the Secretary of State finds that the corporate name applied for conforms to ORS 60.094, the Secretary of State shall reserve the name for the applicant for a 120-day period.
(3) A person may transfer the reservation of a corporate name to another person by delivering to the Secretary of State a notice of the transfer signed by the person for whom the name was reserved and specifying the name and address of the transferee. [1987 c.52 §27; 2017 c.55 §5]