§ 401.12. Trust in which a labor organization is interested.
73 words·~1 min read·
/us/cfr/t29/s§ 401.12·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Trust in which a labor organization is interested means a trust or other fund or organization
(a)which was created or established by a labor organization, or one or more of the trustees or one or more members of the governing body of which is selected or appointed by a labor organization, and
(b)a primary purpose of which is to provide benefits for the members of such labor organization or their beneficiaries.