§ 458.34. Loans to officers or employees.
40 words·~1 min read·
/us/cfr/t29/s§ 458.34·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
No labor organization shall directly or indirectly make any loan 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.