New York Labor Code § 722

Fiduciary obligations of officers and agents
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§ 722. Fiduciary obligations of officers and agents. No officer or\nagent of a labor organization shall, directly or indirectly\n  1. Have or acquire any pecuniary or personal interest which would\nconflict with his fiduciary obligation to such organization;\n  2. Engage in any business or financial transaction which conflicts\nwith his fiduciary obligation; or\n  3. Act in any way which subordinates the interests of such labor\norganization to his own pecuniary or personal interests.\n

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