Section 722. Fiduciary obligations of officers and agents  


Latest version.
  • 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.