Every officer, agent, shop steward, or other representative or
employee of any labor organization subject to the CSRA or FSA (other
than a labor organization whose property and annual financial receipts
do not exceed $5,000 in value), or of a trust in which a labor
organization is interested, who handles funds or other property thereof
shall be bonded in accordance with the principles of section 502(a) of
the LMRDA.
In enforcing this requirement the Assistant Secretary will be guided by
the interpretations and policies followed by the Department of Labor in
applying the provisions of section 502(a) of the LMRDA and by applicable
court decisions.
[45 FR 15158, Mar. 7, 1980; 45 FR 28322, Apr. 29, 1980. Redesignated at
50 FR 31311, Aug. 1, 1985]
