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Home » US Law » 2022 New York Laws » Consolidated Laws » LAB - Labor » Article 20-A - Labor and Management Improper Practices Act » 722 – Fiduciary Obligations of Officers and Agents.

§ 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.