Trust Law Article 72

A charitable trust shall operate under the supervision of the industry's regulatory authority.The industry's regulatory authority may at any time and from time to time inspect the business and financial conditions of the trust. If necessary, the authority may order the trustee to provide appropriate security or take other actions.A trustee shall at least once every year deliver the statement of both the business and financial conditions of the trust to the trust supervisor for review and approval and shall then file the same with the competent authority for approval and records before a public notice is placed.