Mass. Gen. Laws ch. 15C § 27
Current through Chapters 1 to 249 and Chapters 253 to 255 of the 2024 Legislative Session
Upon dissolution, liquidation or other termination of the Authority, all rights and properties of the Authority shall pass to and be vested in the commonwealth, subject to the rights of lienholders and other creditors. In addition, any net earnings of the Authority, beyond that necessary for retirement of any indebtedness or to implement the public purpose or purposes or program of the commonwealth, shall not inure to the benefit of any person other than the commonwealth.
Mass. Gen. Laws ch. 15C, § 27