ARTICLE 11 RECORDS – REVIEW OF FINANCIAL STATEMENTS - DISSOLUTION


1. The Executive board shall ensure that all necessary books and records of the Corporation required by the By-laws or by any applicable state or law are regularly and properly maintained.

2. The membership shall ratify at each Annual General Meeting the appointment of a professional accountant, who shall not be a member of the Executive board, to Independently Review the Financial Statements of the corporation. The person so appointed will usually hold office for the duration of the term of the Executive Board. However, should the
appointment become vacant during this period, the Executive Board will locate a replacement. The Executive Board shall fix the remuneration for the professional accountant.

3. In the event of dissolution and closing out of the affairs of the Air Canada Pionairs, all remaining assets after payment of liabilities, shall be distributed to one or more organizations in Canada having cognate or similar objectives.