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N.Y. Labor Law § 722 : Labor — Labor And Management Improper Practices Act — Fiduciary obligations of officers and agents

Current through 2016 New York Laws, Chapters 1 to 237

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.
N.Y. Lab. Law § 722