General Laws of Massachusetts - Chapter 40G Massachusetts Technology Development Corporation

• Massachusetts General Laws - Definitions - Chapter 40G, Section 1
  The following terms as used in this chapter shall have the following meanings, except where the context clearly indicates otherwise: “Board”, the board of directors...
• Massachusetts General Laws - Massachusetts Technology Development Corporation; creation; board of directors; officers and employees - Chapter 40G, Section 2
  There is hereby created a body politic and corporate to be known as the Massachusetts Technology Development Corporation or MTDC. The MTDC is hereby constituted...
• Massachusetts General Laws - Powers - Chapter 40G, Section 3
  The MTDC shall have all of the powers necessary to carry out its purposes which shall include but not be limited to: (a) make, amend...
• Massachusetts General Laws - Investment fund - Chapter 40G, Section 4
  There is hereby established an investment fund to which shall be credited any state appropriations or other moneys made available to the fund. The corporation...
• Massachusetts General Laws - Repealed, 1987, 697, Sec. 116 - Chapter 40G, Section 4A
  Repealed, 1987, 697, Sec.
• Massachusetts General Laws - Commonwealth Fund; Co-Investment Funds - Chapter 40G, Section 4B
  The corporation is hereby authorized and directed to establish a fund to be called the Commonwealth Fund which shall be managed by the MTDC to...
• Massachusetts General Laws - Operation; licensed small business investment corporation; establishment of subsidiary corporation - Chapter 40G, Section 5
  The MTDC is hereby specifically authorized to operate as a licensed small business investment corporation under the provisions of the Small Business Investment Act of...
• Massachusetts General Laws - Innovation development; grants, loans, etc.; subsidiary corporation - Chapter 40G, Section 5A
  The MTDC is hereby authorized to operate as a corporation for innovation development under the provisions of the rules and regulations of the United States...
• Massachusetts General Laws - Annual report of activities - Chapter 40G, Section 6
  The MTDC shall annually submit a complete and detailed report of the corporation’s activities within ninety days after the end of the fiscal year to...
• Massachusetts General Laws - Audit of books and records - Chapter 40G, Section 7
  The books and records of the MTDC shall be subject to an annual audit by the auditor of the commonwealth and an annual audit by...
• Massachusetts General Laws - Liberal construction of chapter - Chapter 40G, Section 8
  This chapter shall be liberally construed to effect its purposes.
• Massachusetts General Laws - Initial appointments to board of directors - Chapter 40G, Section 9
  In making his initial appointments to the board of directors of the Massachusetts Technology Development Corporation, the governor shall select the appointed members from among...
• Massachusetts General Laws - Documentary materials concerning trade secrets, commercial or financial information; confidentiality - Chapter 40G, Section 10
  Any documentary materials or data made or received by any member or employee of the corporation, to the extent that such material or data consist...
• Massachusetts General Laws - Application of other laws to the technology development corporation - Chapter 40G, Section 11
  The MTDC shall be subject to section 16G of chapter 6A and section 56 of chapter 23A.

Last modified: September 11, 2015