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Code of Federal Regulations Pertaining to U.S. Department of Labor |
| Labor |
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| Office of Labor-Management Standards, Department of Labor |
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| General Statement Concerning the Bonding Requirements of the Labor-Management Reporting and Disclosure Act of 1959 |
The statute requires that every covered person ``shall be bonded to provide protection against loss by reason of acts of fraud or dishonesty on his part directly or through connivance with others.'' [30 FR 14926, Dec. 2, 1965]