29 CFR § 453.10 - The statutory provision.

---
identifier: "/us/cfr/t29/s453.10"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "29 CFR § 453.10 - The statutory provision."
title_number: 29
title_name: "Labor"
section_number: "453.10"
section_name: "The statutory provision."
chapter_name: "OFFICE OF LABOR-MANAGEMENT STANDARDS, DEPARTMENT OF LABOR"
subchapter_number: "A"
subchapter_name: "LABOR-MANAGEMENT STANDARDS"
part_number: "453"
part_name: "GENERAL STATEMENT CONCERNING THE BONDING REQUIREMENTS OF THE LABOR-MANAGEMENT REPORTING AND DISCLOSURE ACT OF 1959"
positive_law: false
currency: "2026-03-24"
last_updated: "2026-03-24"
format_version: "1.1.0"
generator: "[email protected]"
authority: "Sec. 502, 73 Stat. 536; 79 Stat. 888 (29 U.S.C. 502); Secretary's Order No. 03-2012, 77 FR 69376, November 16, 2012."
regulatory_source: "28 FR 14394, Dec. 27, 1963, unless otherwise noted."
cfr_part: "453"
---


# 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.”

[30 FR 14926, Dec. 2, 1965]