(a) 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) The Board shall keep copies of the financial audits received under subsection (a) of this section.
Structure Maryland Statutes
Business Occupations and Professions
Subtitle 5 - Employment and Compensation of Pilots
Section 11-501 - Employment of Pilot
Section 11-502 - Pilotage Fees
Section 11-503 - Fees Payable to Association
Section 11-504 - Inactive Pilots; Disabled Pilots
Section 11-505 - Distribution of Fees
Section 11-506 - Maintenance and Replacement Fund
Section 11-507 - Pilotage Fee for Assisting Vessel in Distress