2015 New York Laws
LAB - Labor
Article 20-A - (Labor) LABOR AND MANAGEMENT IMPROPER PRACTICES ACT
722 - Fiduciary obligations of officers and agents.

NY Lab L § 722 (2015) What's This?

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.


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