[Code of Federal Regulations]
[Title 29, Volume 2]
[Revised as of July 1, 2005]
From the U.S. Government Printing Office via GPO Access
[CITE: 29CFR403.5]

[Page 147]
 
                             TITLE 29--LABOR
 
  CHAPTER IV--OFFICE OF LABOR-MANAGEMENT STANDARDS, DEPARTMENT OF LABOR
 
PART 403_LABOR ORGANIZATION ANNUAL FINANCIAL REPORTS--Table of Contents
 
Sec. 403.5  Terminal financial report.

    (a) Any labor organization required to file a report under the 
provisions of this part, which during its fiscal year loses its identity 
as a reporting labor organization through merger, consolidation, or 
otherwise, shall, within 30 days after such loss, file a terminal 
financial report with the Office of Labor-Management Standards, on Form 
LM-2, LM-3, or LM-4, as may be appropriate, signed by the president and 
treasurer or corresponding principal officers of the labor organization 
immediately prior to the time of its loss of reporting identity.
    (b) Every labor organization which has assumed trusteeship over a 
subordinate labor organization shall file within 90 days after the 
termination of such trusteeship on behalf of the subordinate labor 
organization a terminal financial report with the Office of Labor-
Management Standards, on Form LM-2 and in conformance with the 
requirements of this part.
    (c) For purposes of the reports required by paragraphs (a) and (b) 
of this section, the period covered thereby shall be the portion of the 
labor organization's fiscal year ending on the effective date of its 
loss of reporting identity, or the portion of the subordinate labor 
organization's fiscal year ending on the effective date of the 
termination of trusteeship over such subordinate labor organization, as 
the case may be.
    (d) If a trust in which a labor organization with $250,000 or more 
in annual receipts is interested loses its identity through merger, 
consolidation, or otherwise, the labor organization shall, within 30 
days after such loss, file a terminal report on Form T-1, with the 
Office of Labor-Management Standards, signed by the president and 
treasurer or corresponding principal officers of the labor organization. 
For purposes of the report required by this paragraph, the period 
covered thereby shall be the portion of the trust's fiscal year ending 
on the effective date of the loss of its reporting identity.

[28 FR 14383, Dec. 27, 1963, as amended at 50 FR 31309, 31310, Aug. 1, 
1985; 62 FR 6092, Feb. 10, 1997; 68 FR 58447, Oct. 9, 2003]