CFR > Title 29 - Labor > SUBTITLE B—Regulations Relating to Labor > CHAPTER IV—OFFICE OF LABOR-MANAGEMENT STANDARDS, DEPARTMENT OF LABOR (parts 401 to 471) > SUBCHAPTER A—LABOR-MANAGEMENT STANDARDS (parts 401 to 453) > PART 453—GENERAL STATEMENT CONCERNING THE BONDING REQUIREMENTS OF THE LABOR-MANAGEMENT REPORTING AND DISCLOSURE ACT OF 1959 > 453.10—The statutory provision.

453.10—The statutory provision.

The statute requires that every covered person “shall be bonded to provide protection against loss by reason of acts of fraud or dishonesty on his part directly or through connivance with others.”

Code of Federal Regulations

[30 FR 14926, Dec. 2, 1965]