(1) A limited liability company may transact business under an assumed name or names other than its name as set forth in its articles of organization or certificate of authority, if not precluded from use of the assumed name or names under this chapter by filing a certificate stating the true name of the company and the assumed name or names under which business is to be transacted.

(2) Filing a certificate of assumed name under this section does not create substantive rights to the use of a particular assumed name.

(3) The same name may be assumed by two or more limited liability companies or by one or more limited liability companies and one or more corporations, limited partnerships, or other enterprises participating together in a partnership or joint venture. Each participating limited liability company shall file a certificate of assumed name under this section. [Res. 2023-10-019 § 1, 2023.]