[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: 29CFR453.3]

[Page 202-203]
 
                             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. 453.3  Labor organizations within the coverage of section 502(a).

    Any labor organization as defined in sections 3(i) and 3(j) of the 
Act \3\ is a labor organization within the coverage of section 502(a) 
unless its property and annual financial receipts do not exceed $5,000 
in value. The determination as to

[[Page 203]]

whether a particular labor organization is excepted from the application 
of section 502(a) is to be made at the beginning of each of its fiscal 
years on the basis of the total value of all its property at the 
beginning of, and its total financial receipts during, the preceding 
fiscal year of the organization.
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    \3\ See part 451 of this chapter.
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