Purpose

(1) 950 CMR 113.00 describes the practices and procedures of the Secretary of the Commonwealth relative to M.G.L. c. 156D: The Massachusetts Business Corporation Act. (2) The Corporations Division, which is under the supervision of the Secretary of the Commonwealth, administers the provisions of the Massachusetts General Laws pertaining to certain corporations and related matters. 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 as 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 exceptions to 950 CMR 113.00 with respect to any specific requirement provided that such exceptions to 950 CMR 113.00 are in conformity with the provisions of the Massachusetts General Laws.