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 Department of Commerce regarding corporations for innovation development and under the provisions of the Public Laws of the United States regarding such corporations. In its capacity as a corporation for innovation development, the MTDC is authorized to accept any and all grants, loans, guarantees, subsidies, matching funds, reimbursements, property, services, or other things of value from the United States or any agency thereof or from any regional governmental agency or from any government agency of any other state or from any institution, person, firm or corporation, public or private, to be used for the purposes of a corporation for innovation development as set forth in applicable federal laws and regulations. The board of directors of the MTDC may, in its discretion, establish a subsidiary corporation to operate as a corporation for innovation development if it determines that it would be preferable for operational reasons to separate said corporation for innovation development activities from the other activities of MTDC.
Copyright ©2024 LegalFix. All rights reserved. LegalFix is not a law firm, is not licensed to practice law, and does not provide legal advice, services, or representation. The information on this website is an overview of the legal plans you can purchase—or that may be provided by your employer as an employee benefit or by your credit union or other membership group as a membership benefit.
LegalFix provides its members with easy access to affordable legal services through a network of independent law firms. LegalFix, its corporate entity, and its officers, directors, employees, agents, and contractors do not provide legal advice, services, or representation—directly or indirectly.
The articles and information on the site are not legal advice and should not be relied upon—they are for information purposes only. You should become a LegalFix member to get legal services from one of our network law firms.
You should not disclose confidential or potentially incriminating information to LegalFix—you should only communicate such information to your network law firm.
The benefits and legal services described in the LegalFix legal plans are not always available in all states or with all plans. See the legal plan Benefit Overview and the more comprehensive legal plan contract during checkout for coverage details in your state.
Use of this website, the purchase of legal plans, and access to the LegalFix networks of law firms are subject to the LegalFix Terms of Service and Privacy Policy.