Maryland Statutes
§ 15-405
(a)The Commission shall adopt regulations to ensure that the Audit Committee operates independently from the management of the Commission.
(b)The Commission may:
(1)adopt rules of procedure; and
(2)delegate other appropriate functions to the Audit Committee.
(c)The regulations adopted under this section may provide for a reasonable stipend to compensate only the members of the Audit Committee who are not also commissioners.
Free access — add to your briefcase to read the full text and ask questions with AI
Maryland § 15-405 — published by Counsel Stack Legal Research, free access to 12M+ legal documents.