(1) No organization, association or person, legally authorized to act as collective bargaining agent or representative of laboring people, shall make any charge or exaction for initiation fees, dues, fines or other exactions, which will create a fund in excess of the legitimate requirements of such organization, association or person, in carrying out the lawful purpose or activities of such organization, association or person. (2) Every such organization, association and person shall keep accurate books itemizing all receipts and expenditures and the purpose of such expenditures. (3) Any member of any labor organization or association is entitled at all reasonable times to inspect the books, records and accounts of such association or organization, or any agent or representative thereof, and to have an accounting of all money and property thereof. (4) The circuit courts of this state, and the judges thereof, have jurisdiction to enforce this section, including full power to issue restraining orders and temporary and permanent injunctions, and such other and further orders as may be necessary or appropriate to carry out and enforce this section.
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