Code of Federal Regulations > Title 29 > Chapter IV > Part 453 - GENERAL STATEMENT CONCERNING THE BONDING REQUIREMENTS OF THE LABOR-MANAGEMENT REPORTING AND DISCLOSURE ACT OF 1959

U.S. Code of Federal Regulations

Regulations most recently checked for updates: Mar 31, 2023

INTRODUCTION

§ 453.1 - Scope and significance of this part.

CRITERIA FOR DETERMINING WHO MUST BE BONDED

§ 453.2 - Provisions of the statute.

§ 453.3 - Labor organizations within the coverage of section 502(a).

§ 453.4 - Trusts (in which a labor organization is interested) within the coverage of section 502(a).

§ 453.6 - Officers, agents, shop stewards or other representatives or employees of a trust in which a labor organization is interested.

§ 453.7 - “Funds or other property” of a labor organization or of a trust in which a labor organization is interested.

§ 453.8 - Personnel who “handle” funds or other property.

§ 453.9 - “Handling” of funds or other property by personnel functioning as a governing body.

SCOPE OF THE BOND

§ 453.10 - The statutory provision.

§ 453.12 - Meaning of fraud or dishonesty.

AMOUNT OF BONDS

§ 453.13 - The statutory provision.

§ 453.14 - The meaning of “funds.”

§ 453.15 - The meaning of funds handled “during the preceding fiscal year”.

§ 453.16 - Funds handled by more than one person.

§ 453.17 - Term of the bond.

FORM OF BONDS

§ 453.18 - Bonds “individual or schedule in form”.

§ 453.19 - The designation of the “insured” on bonds.

QUALIFIED AGENTS, BROKERS, AND SURETY COMPANIES FOR THE PLACING OF BONDS

§ 453.20 - Corporate sureties holding grants of authority from the Secretary of the Treasury.

§ 453.21 - Interests held in agents, brokers, and surety companies.

MISCELLANEOUS PROVISIONS

§ 453.22 - Prohibition of certain activities by unbonded persons.

§ 453.23 - Persons becoming subject to bonding requirements during fiscal year.

§ 453.24 - Payment of bonding costs.

§ 453.25 - Effective date of the bonding requirement.

§ 453.26 - Powers of the Secretary of Labor to exempt.