Article 60. Control over the activity of organizations managing property rights on a collective basis

The control of the activity of organizations managing property rights on a collective basis shall be exercised by a specially authorized state authority.

The organization managing the property rights on a collective basis shall be obliged to provide the following information to the specially authorized state authority:

on changes made to the statute of the organization;

on bilateral and multilateral agreements concluded by the organization with foreign organizations managing similar rights;

on the decisions of the general meeting;

on the annual balance sheet, annual report, including information on unclaimed remuneration, and the audit of the organization's activities;

on the surname, first name, and patronymic of persons authorized to represent the organization.

A specially authorized state authority shall have the right to request from the organization managing property rights on a collective basis the additional information necessary to verify the compliance of the organization's activities with its statute and legislation.