[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: 29CFR458.35]

[Page 217-218]
 
                             TITLE 29--LABOR
 
  CHAPTER IV--OFFICE OF LABOR-MANAGEMENT STANDARDS, DEPARTMENT OF LABOR
 
PART 458_STANDARDS OF CONDUCT--Table of Contents
 
   Subpart A_Substantive Requirements Concerning Standards of Conduct
 
Sec. 458.35  Bonding requirements.

    Every officer, agent, shop steward, or other representative or 
employee of any labor organization subject to the CSRA or FSA (other 
than a labor organization whose property and annual financial receipts 
do not exceed $5,000 in value), or of a trust in which a labor 
organization is interested, who handles funds or other property thereof 
shall be bonded in accordance with the principles of section 502(a) of 
the LMRDA.

[[Page 218]]

In enforcing this requirement the Assistant Secretary will be guided by 
the interpretations and policies followed by the Department of Labor in 
applying the provisions of section 502(a) of the LMRDA and by applicable 
court decisions.

[45 FR 15158, Mar. 7, 1980; 45 FR 28322, Apr. 29, 1980. Redesignated at 
50 FR 31311, Aug. 1, 1985]