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The primary means of protecting your band's name, which may be a word, symbol, sign, or phrase that uniquely identifies your music, is by registering your band name with the United States Patent and Trademark Office (?USPTO?) in ance with the Lanham Act.
Typically, the issue of who owns the band name is dealt with in the Band Agreement. Often a leaving member will forfeit their rights in the name when they leave the band. In such a situation, the remaining members can continue using the name.
Bands are typically incorporated businesses, so they'd be subject to the same types of trademark rules as anyone else. That said, they can license trademarks from the owners, or take their chances using them without permission.
No, you cannot copyright a band name. Names, including the name of a band, do not qualify for copyright protection. Copyrights protect creative works like songs, movies, and books. Names that cannot be copyrighted. The way to protect a name, including the name of a band, is with a trademark.
The best way to legally protect the name of a band is to trademark it. Trademarks protect names, including the names of bands. With a trademark, you can legally protect the name used to identify your recordings and performances. Trademarking your band name is official confirmation that you legally own it.