(2) Any person intending to organize a limited liability company, any domestic limited liability company or foreign limited liability company registered in the Commonwealth or any foreign limited liability company intending to register in the Commonwealth may reserve the exclusive right to use a name, if available under the laws of the Commonwealth. The reservation shall be made by filing an application with the Division specifying the name to be reserved and the name and address of the applicant. The application must be accompanied by a $30.00 filing fee. The name shall be reserved for a period of 60 days. The reservation may be extended for an additional 60 day period upon written request of the applicant and payment of an additional $30.00 fee.
The right to the exclusive use of a reserved name may be transferred to any other person by filing a notice of the transfer, executed by the applicant for whom the name was reserved, specifying the name and address of the transferee and accompanied by a fee of $30.00.