Section 6. In any case where the program, pursuant to clause (a) of section four is assisting a business to locate new owners, the office shall give priority to effectuating the sale of said business either to its employees or to a resident of Massachusetts. In such cases, the director shall inform the employees that the business is for sale, inform the employees of their opportunity to purchase the business, and provide the employees with the same assistance in purchasing said business for which other interested buyers may be eligible.
Structure Massachusetts General Laws
Part I - Administration of the Government
Title II - Executive and Administrative Officers of the Commonwealth
Chapter 23d - Employee-Ownership Revolving Loan Fund
Section 1a - Declaration of Need for Employment Skills Training and Education; Findings
Section 2 - Industrial Service Program; Rules; Procedures
Section 3 - Executive Director; Employees; Utilization of Other Agencies' Resources
Section 5 - Private Consultants; Contracts
Section 6 - Sale of Business; Notice to Employees; Assistance for Buyers
Section 16 - Employee–ownership Revolving Loan Fund
Section 17 - Employee Involvement and Ownership Program; Powers and Duties of Director
Section 18 - Duties; Research and Evaluation
Section 19 - Start-Up Programs; Requests for Grants; Memoranda of Understanding
Section 20 - Assistance for Applicants; Outreach Program
Section 21 - Collective Bargaining Agents; Consent
Section 22 - Area Labor-Management Committees
Section 23 - Retaliation for Participation or Nonparticipation
Section 24 - Grants-in-Aid; Application; Approval
Section 26 - Definition of Displaced Homemaker
Section 27 - State-Wide Advisory Council on Displaced Homemakers
Section 28 - Multi-Purpose Service Centers
Section 29 - Report to Governor
Section 30 - Industrial Service Program; Manufacturing Network Grants
Section 31 - Industrial Service Program Annual Report on Program Activities