Section 18101.5 Of Article 1. General From California Financial Code >> Division 7. >> Chapter 2. >> Article 1.
18101.5
. Upon filing an application for approval of proposed
articles of incorporation with the commissioner, or upon filing an
amendment to the articles of a proposed industrial loan company
changing the name of an existing corporation, the incorporators shall
file an application for a certificate of reservation of the name of
the proposed company as set forth in the articles of incorporation
with the Secretary of State pursuant to Section 201 of the
Corporations Code. The application filed with the Secretary of State
shall recite the fact of the pendency of the application and the
Secretary of State shall issue a certificate of reservation upon such
an application for a certificate and upon payment of any required
fee. Notwithstanding the provisions of Section 201 of the
Corporations Code, the name contained in the certificate of
reservation shall be reserved to the applicant until the commissioner
refuses to issue a certificate of approval or, if a certificate is
issued, as long as a certificate continues in force or effect, or for
a period of up to one year from the date when the application is
filed in accordance with this article, pending the applicant's
fulfillment of any requirements precedent to opening for business.
The Secretary of State may, upon the request of the applicant and the
approval of the commissioner, extend the reservation of the name for
an additional six months.