Labor Law 722 — Legislation

Legislation Search OpenLegislation Statutes Search Term Search icon Search previous SECTION 721 Definitions up ARTICLE 20-A Labor and Management Improper Practices Act next SECTION 723 Specific prohibited financial interests and transactions Viewing most recent revision (from 2014-09-22) View historical revision as of: -- Choose a Date -- 2014-09-22 Share Facebook Email 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.