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29 U.S.C. · Labor
29 U.S.C. § 503

Financial transactions between labor organization and officers and employees

Ch. 11 — LABOR-MANAGEMENT REPORTING AND DISCLOSURE PROCEDURE
Title 29 U.S.C. ● ACTIVE Primary Source Ch. 11
Statutory Text

29 U.S.C. § 503 — Financial transactions between labor organization and officers and employees

U.S.C. Title 29 - LABOR 29 U.S.C. United States Code, 2023 Edition Title 29 - LABOR CHAPTER 11 - LABOR-MANAGEMENT REPORTING AND DISCLOSURE PROCEDURE SUBCHAPTER VI - SAFEGUARDS FOR LABOR ORGANIZATIONS Sec. 503 - Financial transactions between labor organization and officers and employees From the U.S. Government Publishing Office, www.gpo.gov

§503. Financial transactions between labor organization and officers and employees

(a) Direct and indirect loans No labor organization shall make directly or indirectly any loan or loans to any officer or employee of such organization which results in a total indebtedness on the part of such officer or employee to the labor organization in excess of $2,000. (b) Direct or indirect payment of fines No labor organization or employer shall directly or indirectly pay the fine of any officer or employee convicted of any willful violation of this chapter. (c) Penalty for violations Any person who willfully violates this section shall be fined not more than $5,000 or imprisoned for not more than one year, or both.

(Pub. L. 86–257, title V, §503, Sept. 14, 1959, 73 Stat. 536.)

Source: uscode.house.gov — public domain Official Source ↗
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◈ Machine-Readable Provenance Record Root-LD v1.0 · boisestandard.org
Federation ID
BS-USC29-SEC-833FD8
Entity Class
STATUTE / FEDERAL-CODE-SECTION
Domain Signature
boisestandard.org
Citation
29 U.S.C. § 503
Jurisdiction
Federal — United States
Status
✓ ACTIVE
Source
PRIMARY-SOURCE
Source Verified
✓ TRUE
Content Hash
5eb8ce1b7afd4fcb...
Semantic Edges
Pending — corpus passes queued
The statutory text of 29 U.S.C. § 503 is reproduced from the official United States Code as published by the Office of the Law Revision Counsel of the U.S. House of Representatives (uscode.house.gov).
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← 29 U.S.C. § 502 29 U.S.C. § 504 →
Ch. 11 — LABOR-MANAGEMENT REPORTING AND DISCLOSURE PROCEDURE
29 U.S.C. § 40129 U.S.C. § 40229 U.S.C. § 41129 U.S.C. § 41229 U.S.C. § 41329 U.S.C. § 41429 U.S.C. § 41529 U.S.C. § 43129 U.S.C. § 43229 U.S.C. § 43329 U.S.C. § 43429 U.S.C. § 43529 U.S.C. § 43629 U.S.C. § 43729 U.S.C. § 43829 U.S.C. § 43929 U.S.C. § 44029 U.S.C. § 44129 U.S.C. § 46129 U.S.C. § 46229 U.S.C. § 46329 U.S.C. § 46429 U.S.C. § 46529 U.S.C. § 46629 U.S.C. § 48129 U.S.C. § 48229 U.S.C. § 48329 U.S.C. § 50129 U.S.C. § 50229 U.S.C. § 503
29 U.S.C. — public domain ← All Legislation
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boisestandard.org → United States → Law → U.S. Code → Title 29 → 29 U.S.C. § 503