';


Title 29 Part 453 → §453.24

Title 29 → Subtitle B → Chapter IV → Subchapter A → Part 453 → §453.24

Electronic Code of Federal Regulations e-CFR

Title 29 Part 453 → §453.24

e-CFR data is current as of December 10, 2018

Title 29Subtitle BChapter IVSubchapter APart 453 → §453.24


Title 29: Labor
PART 453—GENERAL STATEMENT CONCERNING THE BONDING REQUIREMENTS OF THE LABOR-MANAGEMENT REPORTING AND DISCLOSURE ACT OF 1959


§453.24   Payment of bonding costs.

The Act does not prohibit payment of the cost of the bonds, required by section 502(a), by labor organizations or by trusts in which a labor organization is interested. The decision whether such costs are to be borne by the labor organization or trust or by the bonded person is left to the duly authorized discretion and agreement of the parties concerned in each case.