722 - Fiduciary obligations of officers and agents. - New York Statutes

§ 722. Fiduciary obligations of officers and agents. No officer or agent of a labor organization shall, directly or indirectly 1. Have or acquire any pecuniary or personal interest which would conflict with his fiduciary obligation to such organization; 2. Engage in any business or financial transaction which conflicts with his fiduciary obligation; or 3. Act in any way which subordinates the interests of such labor organization to his own pecuniary or personal interests.