§ 1 Definitions
§ 2 Massachusetts Growth Capital Corporation; board of directors; president; bond of officers and employees; protection of trade secrets
§ 3 Powers and duties
§ 4 Contracts for performance of core administrative functions
§ 5 Criteria for participation in certain projects
§ 6 Projects providing financial products to minority-owned or women-owned contractors
§ 7 Establishment or investment in corporations organized for the benefit of small businesses or to expand economic opportunities for low and moderate income people
§ 8 Program supporting the provision of financial and managerial consulting and technical assistance to recipients of financial assistance from the commonwealth
§ 9 Economic stabilization program
§ 10 Application of other laws to the growth capital corporation
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Terms Used In Massachusetts General Laws > Chapter 40W - Massachusetts Growth Capital Corporation

  • 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.
  • 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.
  • 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
  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
  • Mortgage loan: A loan made by a lender to a borrower for the financing of real property. Source: OCC
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • 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.
  • 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.