§ 1 Definitions
§ 2 Massachusetts Technology Development Corporation; creation; board of directors; officers and employees
§ 3 Powers
§ 4 Investment fund
§ 4B Commonwealth Fund; Co-Investment Funds
§ 4C Administration of the Innovation Commercialization Seed Fund
§ 5 Operation; licensed small business investment corporation; establishment of subsidiary corporation
§ 5A Innovation development; grants, loans, etc.; subsidiary corporation
§ 6 Annual report of activities
§ 7 Audit of books and records
§ 8 Liberal construction of chapter
§ 9 Initial appointments to board of directors
§ 10 Documentary materials concerning trade secrets, commercial or financial information; confidentiality
§ 11 Application of other laws to the technology development corporation
§ 12 Massachusetts Technology Transfer Center
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Terms Used In Massachusetts General Laws > Chapter 40G - Massachusetts Technology Development Corporation

  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Contract: A legal written agreement that becomes binding when signed.
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Donor: The person who makes a gift.
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • Executive session: A portion of the Senate's daily session in which it considers executive business.
  • Fiduciary: A trustee, executor, or administrator.
  • Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
  • Foreclosure: A legal process in which property that is collateral or security for a loan may be sold to help repay the loan when the loan is in default. Source: OCC
  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
  • Other entity: includes a domestic or foreign nonprofit corporation. See Massachusetts General Laws ch. 156D sec. 11.01
  • Oversight: Committee review of the activities of a Federal agency or program.
  • Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
  • Personal property: All property that is not real property.
  • Public law: A public bill or joint resolution that has passed both chambers and been enacted into law. Public laws have general applicability nationwide.
  • Quorum: The number of legislators that must be present to do business.
  • Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.