Legislation

§ 722. Fiduciary obligations of officers and agents. No officer or
agent of a labor organization shall, directly or indirectly

1. Have or acquire any pecuniary or personal interest which would
conflict with his fiduciary obligation to such organization;

2. Engage in any business or financial transaction which conflicts
with his fiduciary obligation; or

3. Act in any way which subordinates the interests of such labor
organization to his own pecuniary or personal interests.