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.

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.

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