Laws of New York (Last Updated: November 21, 2014) |
LAB Labor |
Article 20-A. LABOR AND MANAGEMENT IMPROPER PRACTICES ACT |
Section 722. Fiduciary obligations of officers and agents
Latest version.
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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.