§ 11-508. Required audits

Latest version.

   (a) Required audits. -- The Association shall submit to the Board:

   (1) an annual financial audit of payments to pilots under § 11-505 of this subtitle; and

   (2) an annual financial audit of the Maintenance and Replacement Fund under § 11-506 of this subtitle.

(b) Record retention. -- The Board shall keep copies of the financial audits received under subsection (a) of this section.

HISTORY: 2002, ch. 523, § 3.

                    
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