Title 29

PART 453

Part 453 - General Statement Concerning The Bonding Requirements Of The Labor-management Reporting And Disclosure Act Of 1959

PART 453 - GENERAL STATEMENT CONCERNING THE BONDING REQUIREMENTS OF THE LABOR-MANAGEMENT REPORTING AND DISCLOSURE ACT OF 1959 Authority:Sec. 502, 73 Stat. 536; 79 Stat. 888 (29 U.S.C. 502); Secretary's Order No. 03-2012, 77 FR 69376, November 16, 2012. Source:28 FR 14394, Dec. 27, 1963, unless otherwise noted.

29:2.1.4.1.13.0.2SUBJGRP 2
   Introduction
29:2.1.4.1.13.0.2.1SECTION 453.1
   453.1 Scope and significance of this part.
29:2.1.4.1.13.0.3SUBJGRP 3
   Criteria for Determining Who Must Be Bonded
29:2.1.4.1.13.0.3.2SECTION 453.2
   453.2 Provisions of the statute.
29:2.1.4.1.13.0.3.3SECTION 453.3
   453.3 Labor organizations within the coverage of section 502(a).
29:2.1.4.1.13.0.3.4SECTION 453.4
   453.4 Trusts (in which a labor organization is interested) within the coverage of section 502(a).
29:2.1.4.1.13.0.3.5SECTION 453.5
   453.5 Officers, agents, shop stewards, or other representatives or employees of a labor organization.
29:2.1.4.1.13.0.3.6SECTION 453.6
   453.6 Officers, agents, shop stewards or other representatives or employees of a trust in which a labor organization is interested.
29:2.1.4.1.13.0.3.7SECTION 453.7
   453.7 “Funds or other property” of a labor organization or of a trust in which a labor organization is interested.
29:2.1.4.1.13.0.3.8SECTION 453.8
   453.8 Personnel who “handle” funds or other property.
29:2.1.4.1.13.0.3.9SECTION 453.9
   453.9 “Handling” of funds or other property by personnel functioning as a governing body.
29:2.1.4.1.13.0.4SUBJGRP 4
   Scope of the Bond
29:2.1.4.1.13.0.4.10SECTION 453.10
   453.10 The statutory provision.
29:2.1.4.1.13.0.4.11SECTION 453.11
   453.11 The nature of the “duties” to which the bonding requirement relates.
29:2.1.4.1.13.0.4.12SECTION 453.12
   453.12 Meaning of fraud or dishonesty.
29:2.1.4.1.13.0.5SUBJGRP 5
   Amount of Bonds
29:2.1.4.1.13.0.5.13SECTION 453.13
   453.13 The statutory provision.
29:2.1.4.1.13.0.5.14SECTION 453.14
   453.14 The meaning of “funds.”
29:2.1.4.1.13.0.5.15SECTION 453.15
   453.15 The meaning of funds handled “during the preceding fiscal year”.
29:2.1.4.1.13.0.5.16SECTION 453.16
   453.16 Funds handled by more than one person.
29:2.1.4.1.13.0.5.17SECTION 453.17
   453.17 Term of the bond.
29:2.1.4.1.13.0.6SUBJGRP 6
   Form of Bonds
29:2.1.4.1.13.0.6.18SECTION 453.18
   453.18 Bonds “individual or schedule in form”.
29:2.1.4.1.13.0.6.19SECTION 453.19
   453.19 The designation of the “insured” on bonds.
29:2.1.4.1.13.0.7SUBJGRP 7
   Qualified Agents, Brokers, and Surety Companies for the Placing of Bonds
29:2.1.4.1.13.0.7.20SECTION 453.20
   453.20 Corporate sureties holding grants of authority from the Secretary of the Treasury.
29:2.1.4.1.13.0.7.21SECTION 453.21
   453.21 Interests held in agents, brokers, and surety companies.
29:2.1.4.1.13.0.8SUBJGRP 8
   Miscellaneous Provisions
29:2.1.4.1.13.0.8.22SECTION 453.22
   453.22 Prohibition of certain activities by unbonded persons.
29:2.1.4.1.13.0.8.23SECTION 453.23
   453.23 Persons becoming subject to bonding requirements during fiscal year.
29:2.1.4.1.13.0.8.24SECTION 453.24
   453.24 Payment of bonding costs.
29:2.1.4.1.13.0.8.25SECTION 453.25
   453.25 Effective date of the bonding requirement.
29:2.1.4.1.13.0.8.26SECTION 453.26
   453.26 Powers of the Secretary of Labor to exempt.