General Laws of Massachusetts - Chapter 40W Massachusetts Growth Capital Corporation

• Massachusetts General Laws - Definitions - Chapter 40W, Section 1
  For the purposes of this chapter the following words and terms shall, except where the context clearly indicates otherwise, have the following meanings: “Capital participation...
• Massachusetts General Laws - Massachusetts Growth Capital Corporation; board of directors; president; bond of officers and employees; protection of trade secrets - Chapter 40W, Section 2
  (a) There is hereby established a body politic and corporate to be known as the Massachusetts Growth Capital Corporation. The GCC is hereby constituted a...
• Massachusetts General Laws - Powers and duties - Chapter 40W, Section 3
  The GCC shall have the power to: (a) adopt by-laws for the regulation of its affairs and the conduct of its business; (b) adopt an...
• Massachusetts General Laws - Contracts for performance of core administrative functions - Chapter 40W, Section 4
  The corporation shall contract with another public authority for the performance by that authority of core administrative functions, as determined by the secretary of housing...
• Massachusetts General Laws - Criteria for participation in certain projects - Chapter 40W, Section 5
  (a) The corporation may participate in a project; provided that, the corporation shall find and incorporate in the official records of the corporation that the...
• Massachusetts General Laws - Projects providing financial products to minority-owned or women-owned contractors - Chapter 40W, Section 6
  The corporation shall endeavor to participate in projects each year that provide financial products, which in the aggregate total not less than 20 percent of...
• Massachusetts General Laws - Establishment or investment in corporations organized for the benefit of small businesses or to expand economic opportunities for low and moderate income people - Chapter 40W, Section 7
  (a) The GCC may establish or invest in the capital stock of 1 or more corporations organized to increase capital available to small businesses or...
• Massachusetts General Laws - Program supporting the provision of financial and managerial consulting and technical assistance to recipients of financial assistance from the commonwealth - Chapter 40W, Section 8
  (a) The corporation shall establish a program to support the provision of financial and managerial consulting and technical assistance to eligible companies which receive financial...
• Massachusetts General Laws - Economic stabilization program - Chapter 40W, Section 9
  (a) The GCC may establish an economic stabilization program for the following purposes: (1) To provide flexible high risk financing necessary to implement a change...
• Massachusetts General Laws - Application of other laws to the growth capital corporation - Chapter 40W, Section 10
  The GCC shall be subject to section 16G of chapter 6A and section 56 of chapter 23A.

Last modified: September 11, 2015