2462
Loans to Union Officers and Payment of Fines29
U.S.C.
503
|
Section 503(a) prohibits labor organizations regulated by the
Labor-Management Reporting and Disclosure Act (LMRDA) from making loans to
any
one officer or employee which result in a total indebtedness in excess of
$2,000.
Section 503(b) prohibits a labor organization or an employer regulated by
the
LMRDA from paying, directly or indirectly, a criminal fine imposed on an
officer
or employee convicted of a willful violation of the LMRDA. A willful
violation
of Section 503(a) or 503(b) can result in imprisonment of one year and/or a
fine.
[cited in USAM 9-139.020] | |