State Codes and Statutes
Statutes > Maryland > Business-occupations-and-professions > Title-11 > Subtitle-5 > 11-508§ 11-508. Required audits.
(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.
[2002, ch. 523, § 3.]
