Massachusetts General Laws ch. 40G sec. 7 – Audit of books and records
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Section 7. The books and records of the Massachusetts Technology Development Corporation shall be subject to an audit by the state auditor, in accordance with generally accepted government auditing standards, once every 3 years and as often as the state auditor determines is necessary. The books and records of the Massachusetts Technology Development Corporation shall also be subject to an annual audit by an independent auditor.
Terms Used In Massachusetts General Laws ch. 40G sec. 7
- 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.