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of <h1>Recovery of mutual fund inspection and audit expenses from fund, trustees, and AMC, creating reimbursement obligation to Board.</h1> The Board is empowered to recover from the mutual fund, its trustees and the asset management company any expenses incurred in relation to investigation or inspection of their books of account, records and documents; recoverable expenses expressly include, without limitation, fees paid to auditors for such investigation or inspection, thereby creating an obligation on those entities to reimburse the Board for inspection- and investigation-related costs.
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