§ 458.34 Loans to officers or employees.
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Title 29—Labor > Subtitle B—Regulations Relating to Labor > CHAPTER IV—OFFICE OF LABOR-MANAGEMENT STANDARDS, DEPARTMENT OF LABOR > SUBCHAPTER B—STANDARDS OF CONDUCT > PART 458—STANDARDS OF CONDUCT > Subpart A—Substantive Requirements Concerning Standards of Conduct > Additional Provisions Applicable
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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.
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