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Office of Labor-Management Standards
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Office of Labor-Management Standards (OLMS)

Financial Safeguards for Union Funds

Section 501 of the Labor-Management Reporting and Disclosure Act of 1959, as amended (LMRDA), outlines general fiduciary responsibility for officers and employees of labor organizations. Union officials occupy positions of trust and, therefore, must ensure that the union's funds and other assets are used solely for the benefit of the union and its members.

Financial Safeguard Laws/Regulations

Financial Safeguard Publications



Last Updated: 11-14-13