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53. Private Limited Companies

(1) The name of a limited company that is a private company must end with “limited”, “LIMITED”, “ltd”, “LTD”, “l.t.d.”, or “L.T.D.”.
(2) The name of a limited company that is a restricted scope company must be followed by the word “Restricted”, “Restricted Scope Company” or “RSC” before ending with one of the suffixes provided for by subsection (1).