Massachusetts § 27 Rights and properties of Authority upon dissolution, liquidation or other termination

Massachusetts Statutes

§ 27 — Rights and properties of Authority upon dissolution, liquidation or other termination

Massachusetts § 27

Part IADMINISTRATION OF THE GOVERNMENT

Title IIEXECUTIVE AND ADMINISTRATIVE OFFICERS OF THE COMMONWEALTH

Ch. 15CMASSACHUSETTS COLLEGE STUDENT LOAN AUTHORITY

This text of Massachusetts § 27 (Rights and properties of Authority upon dissolution, liquidation or other termination) is published on Counsel Stack Legal Research, covering Massachusetts primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Mass. Gen. Laws ch. 15C, § 27 (2026).

Text

Section 27. 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.

Free access — add to your briefcase to read the full text and ask questions with AI

Section 27. 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.

View on official source ↗

Cite This Page — Counsel Stack

Bluebook (online)

Massachusetts § 27, Counsel Stack Legal Research, https://law.counselstack.com/statute/ma/15C/27.