950 CMR 112.01 - Purpose
(1)
950
CMR 112.00 describes the practices and procedures of
the Corporations Division in the Office of the Secretary of the Commonwealth
relative to M.G.L. c. 156C, limited liability companies.
(2) The Corporations Division, which is under
the supervision of the Secretary of the Commonwealth administers the provisions
of Massachusetts General Laws pertaining to limited liability companies. The
chief executive officer of the Corporations Division has the title, "Director
of the Corporations Division". The Director may, subject to the approval of the
Secretary, make, amend and rescind such rules, forms and orders as are
contemplated by the provisions of the Massachusetts General Laws and are
necessary to carry out their purposes. The Director is empowered to hear,
examine and investigate matters subject to the provisions of the Massachusetts
General Laws.
(3) From time to
time, the Director may authorize any exceptions to
950
CMR 112.00 with respect to any specific requirement
provided that such exceptions to
950
CMR 112.00 are in conformity with the provisions of
the Massachusetts General Laws.
Notes
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