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The Laws of New York
Consolidated Laws of New York
CHAPTER 31
Labor
ARTICLE 20-A
Labor and Management Improper Practices Act
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SECTION 721
Definitions
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ARTICLE 20-A
Labor and Management Improper Practices Act
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SECTION 723
Specific prohibited financial interests and transactions
This entry was published on 2014-09-22
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SECTION 722
Fiduciary obligations of officers and agents
Labor (LAB) CHAPTER 31, ARTICLE 20-A
§ 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.