612 chapters · 23,756 sections of codified Massachusetts statutes.
Mass. Gen. Laws ch. 109A, § 12 Application and construction
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Section 12. This chapter shall be applied and construed to effectuate its general purpose to make uniform the law with respect to the subject of this chapter among states which enact it.
Mass. Gen. Laws ch. 109A, § 2 Definitions
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Section 2. As used in this chapter, the following words shall, unless the context requires otherwise, have the following meanings:— ''Affiliate'', (i) a person who directly or indirectly owns, controls, or holds with power to vote, twenty percent or more of the outstanding voting…
Mass. Gen. Laws ch. 109A, § 3 Insolvency; excluded assets
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Section 3. (a) A debtor is insolvent if the sum of the debtor's debts is greater than all of the debtor's assets, at a fair valuation. (b) A debtor who is generally not paying his debts as they become due is presumed to be insolvent. (c) A partnership is insolvent under subsectio…
Mass. Gen. Laws ch. 109A, § 4 Value of transfer
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Section 4. (a) Value is given for a transfer or an obligation if, in exchange for the transfer or obligation, property is transferred or an antecedent debt is secured or satisfied, but value does not include an unperformed promise made otherwise than in the ordinary course of the…