[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: 29CFR453.26]

[Page 211]
 
                             TITLE 29--LABOR
 
  CHAPTER IV--OFFICE OF LABOR-MANAGEMENT STANDARDS, DEPARTMENT OF LABOR
 
PART 453_GENERAL STATEMENT CONCERNING THE BONDING REQUIREMENTS OF THE 
LABOR-MANAGEMENT REPORTING AND DISCLOSURE ACT OF 1959--Table of Contents
 
Sec. 453.26  Powers of the Secretary of Labor to exempt.

    Section 502(a) of the Act provides that when in the opinion of the 
Secretary of Labor a labor organization has made other bonding 
arrangements which would provide the protection required at comparable 
cost or less, he may exempt such labor organization from placing a bond 
through a surety company holding a grant of authority from the Secretary 
of the Treasury under the Act of July 30, 1947 (6 U.S.C. 6-13), as 
acceptable surety on Federal bonds.

[30 FR 14926, Dec. 2, 1965]

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