MA H1112

Amends Chapter 110D of Massachusetts General Laws to extend control share acquisition regulations to listed closed-end funds (investment companies registered under the Investment Company Act of 1940 with securities traded on national exchanges or NASDAQ)

Establishes lower voting power thresholds for listed closed-end funds: 10% to less than 15%, and 15% to less than 20%, in addition to the existing thresholds that apply to all public corporations (20-33%, 33-50%, and 50%+)

Sets July 31, 2026 as the effective date for applying control share acquisition rules to listed closed-end funds, with exemptions for shares acquired before that date or under pre-existing contracts

Requires that any exemption from control share restrictions for listed closed-end funds must be approved by the board of directors, including a majority of independent directors, based on a finding that the exemption is in the fund's best interest

Exempts listed closed-end funds from certain procedural requirements in sections 6 and 7 of the existing control share statute while maintaining core voting rights restrictions