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  • SECTION 721
    Definitions
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  • ARTICLE 20-A
    Labor and Management Improper Practices Act
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  • SECTION 723
    Specific prohibited financial interests and transactions
    • This entry was published on 2014-09-22
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    SECTION 722

    Fiduciary obligations of officers and agents

    Labor (LAB) CHAPTER 31, ARTICLE 20-A

    § 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.